Use your Power to Switch energy companies and you could save £200 a year
Are you paying too much for your energy? New figures released by the Department of Energy and Climate Change (DECC) suggest you may well be – even if you aren’t aware.
Savings of £200
According to the government body millions are paying £200 too much for their gas and electricity each year by not switching energy companies. A total of 13 million UK households are missing out on a collective total of £2.7 billion worth of potential savings.
Power to Switch
In light of the figures the DECC has launched a new ‘Power to Switch’ campaign which aims to encourage people to shop, switch and save. By comparing gas and electricity prices and taking advantage of the best energy deals, you can save around £200.
The campaign comes with its own website at www.goenergyshopping.co.uk and includes an advice guide as well as a list of price comparison websites that have been approved by energy regulator Ofgem.
Martin Lewis of Money Saving Expert believes:
“We need to shout loud about the benefits of switching tariff. Too many people think energy firms are ‘all the same’. That’s far from true, there are huge differences on both price and customer service.
“The worry is that news of recent price cuts, even though they were paltry, will have given many false confidence that they’re on a decent deal. Examine the figures and the ugly truth is very different.”
The Power to Switch campaign comes at a time when the Big Six energy firms – British Gas, nPower, Scottish Power, E.ON, EDF Energy and SSE – are receiving criticism for not cutting their gas prices in line with the price of gas on the wholesale market.
The time it takes to switch energy companies has been halved from five weeks to two and a half weeks, including a two week cooling-off period. First Utility’s successful Fix the Switch campaign called on the industry to work together to make a change, meaning it’s now easier to get a better deal on your gas and electricity than ever before.
Find out how to switch energy companies or call the Energy Saving Advice Service on 0300 123 1234 for personal advice on whether you should switch.
Latest posts by Sally - Silversurfer's Editor (see all)
Leave a Comment!
Community Terms & Conditions
These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.
You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.
be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.
Contributions must not:
contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
Nurturing a safe environment
Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.
We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!