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CFA NewsroomNewsUtilitiesUtilities: Explained

Utilities: Explained

Utilities are an essential service that provides us with the basic necessities, whether for residential or commercial. Utilities commonly refers to the supply of Energy (Gas and Electric), Broadband, and Telephone (and/or Mobile) services. These are the services that are often overlooked but essential to our daily lives. Over recent months people have realised more than ever the importance of shopping around and trying to find the best deal on these items.

Gas and electricity are the most common, and are supplied by various companies. They are essential for heating our homes, cooking our food, and powering our appliances.

Broadband and telephone services are also important to homes and businesses. In today’s digital age, we rely heavily on the internet for work, education, entertainment, and staying connected with others. These utilities are not always supplied equally like you would think. A reliable broadband connection, for example, is essential for these activities, and many companies offer a variety of packages to suit different needs and budgets. Telephone services are also important for running businesses and can offer different tariffs depending on your use or consumption.

These utilities are usually supplied by private companies that are regulated by the government. Strict regulations must be adhered to, this ensures that they provide reliable and affordable services to their customers. The government also has schemes in place to help those who are struggling to pay their bills, such as the Warm Home Discount scheme for Energy customers.

The supply of the mentioned utilities are essential services that we rely on for our daily lives. It is important to choose reliable providers and be aware of the various packages, tariffs and/or schemes that are available to you. This way you ensure that you get the best value for money. One thing to remember is that not all companies and tariffs are built the same, savings can be substantial if you are willing to shop around. It is important to regularly check that you are receiving the best and, perhaps, cheapest option.