Customers could save up to £266 per year depending on their broadband speed, new research suggests. As the cost of living crisis continues, many millions could save on their broadband bills by switching to faster full fibre – the quality of the technology makes it cheaper to run than traditional broadband.
As millions of households see inflation-busting price rises for their broadband, research from City Fibre found that customers with high-speed internet could save as much as £266 a year on their bills.
High-speed broadband users could save £266 over 12 months by upgrading to full-fibre.
Low-speed broadband users could save £182 over 12 months by upgrading to full-fibre.
The rapid nationwide rollout of full-fibre infrastructure means over 50 percent of UK homes now have access to the new technology.
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Full fibre is the gold standard of digital networks, capable of supporting faster downloading and uploading speeds than legacy copper or cable networks and providing a more reliable performance.
Despite the growing availability of full-fibre, research has shown that 64 percent of consumers don’t know the difference between full and part-fibre networks.
This means that 22 percent believe incorrectly that switching to the new technology will mean higher costs.
Dan Ramsay, Chief Marketing Officer at CityFibre said: “Millions of customers will have seen their broadband prices increase today and be concerned about the impact this will have and what they can do about it.
“Many households don’t know that if they switch to full-fibre, they can save hundreds of pounds and get faster, more reliable broadband in the process.
“Full fibre broadband is proof that a new technology, offering better services, doesn’t have to be more expensive”.
Households could get a £50 Amazon voucher or £50 PayPal credit when they switch with CityFibre and join ISP on its network.
Discounts are also available from broadband providers for people who receive benefit payments from the Department for Work and Pensions (DWP).
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These are deals for cheaper broadband and mobile phone packages for those claiming means-tested benefit payments from the DWP.
If a payment is means-tested, someone’s eligibility for it depends on their income, savings and wider financial situation.
Examples of popular DWP means-tested benefit payments include Universal Credit, Pension Credit and some other benefits.
Social tariff broadband deals are often referred to as “essential” or “basic” packages by providers but are awarded at a much lower price.
Ernest Doku, the telecoms expert at Uswitch.com, urged those ineligible for social tariff deals to explore other options in the broadband market if they can leave their contract.
He explained: “Millions of mobile and broadband customers are either out of contract or will be soon, and facing the dilemma of whether to recontract before or after the April price rises.
“If your contract ends before April, now is the time to explore your options by comparing your current deal with what’s out there.
“Some providers, such as Hyperoptic and Cuckoo, have also gone one step further and committed to no mid-contract price increases at all, so it’s worth seeing if they cater to your local area.”
