A new Herefordshire report has revealed that households could save half a billion pounds each year by changing utility providers.

The study, commissioned by independent internet service provider Airband, found that 23 per cent of households have never switched providers.

Those who have switched have estimated that they save an average of £68.16 annually.

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Across the 6.5 million households that have not switched, this amounts to a potential £445 million in savings.

The study found that 39 per cent of residents find switching providers 'too much hassle' and 17 per cent said, 'it’s not a priority.'

Mr Hyland, head of residential for Airband, said: "It’s important to take the time to review your utility providers.

"In the modern world, it’s not just gas, electric, and water that are non-negotiable monthly bills, there are also broadband and phone bills to contend with.

"This can be a lot to juggle and it’s no surprise to see millions simply not bothering to check or feeling it’s too much hassle.

"But these figures show the rewards are definitely there for those who are willing to take the time."

The study found that 78 per cent of those who have switched providers found the process easy.

However, 62 per cent of Herefordshire residents admitted they suffer from 'Switch-Phobia', a genuine fear of the process.

Only 39 per cent of adults from Herefordshire are currently happy with their energy providers, and 37 per cent have switched due to the rising cost of living – with a further 41 per cent "planning to".

This is twice the national average.

In terms of satisfaction, of their utilities, 48 per cent of Herefordshire residents are least happy with their electric providers, followed by gas (42 per cent).

Broadband was also cited as difficult (29 per cent), with almost half (44 per cent) struggling with broadband coverage in their area.

An Airband spokesperson added: "Switching utility providers can be one of the most effective ways for consumers to reduce their monthly bills while improving the quality of service they receive."