British Energy Saving Week to highlight benefits of switching supplier

family-consumer-sseMore than 13 million British households missed out on savings last year because they didn’t change their energy supplier.

New figures from OFGEM show that savings of around £300 are achievable just by switching.

But a new Ipsos MORI survey from the Energy Saving Trust has found a large number of households are on ‘energy auto-pilot’ with nearly 60% of those non-switchers believing they’re on the cheapest energy tariff available, which is unlikely. 

However, only 30%of all bill payers believing energy suppliers actively encourage customer loyalty.

The figures have been revealed ahead of Big Energy Saving Week, a UK-wide campaign between the Energy Saving Trust, Citizens Advice and the Department for Business, Energy and Industrial Strategy (BEIS), which runs from 31 October to 6 November.

Gillian Guy, Chief Executive, Citizens Advice, said: “Switching gas and electricity can help people cut their bills. Checking their current tariff and comparing prices regularly means people can spot the best new deals and switch to a supplier that gives them the best value for money.

“Citizens Advice will be hosting events in local communities throughout Big Energy Saving week, where people can learn how to save energy, insulate their homes and compare prices to minimise their bills.”

The Citizens Advice price comparison tool can be found hereenergycompare.citizensadvice.org.uk

Margot James, MP, the British Minister for Consumers, added: “Millions of people have already switched and saved this year, but we know that some people can find it difficult to find the best deal.

“The Big Energy Saving Week will help people up and down the country find out how they could save on their energy bills, many could save around £300, as we create a country that works for everyone.”

OFGEM Switching stats:

  Aug-2015 to Jul-2016
  Gas switching rate Elec switching rate
North East 16.5% 16.9%
North West 15.9% 16.3%
Wales 15.4% 15.7%
East Midlands 15.2% 15.4%
South West 15.2% 14.7%
West Midlands 14.7% 15.3%
Scotland 14.1% 12.0%
South 13.8% 13.3%
South East 13.3% 13.8%
East 13.0% 13.0%
London 11.1% 10.7%
     
GB average 14.4% 14.4%

Source: DNOs (electricity) and Xoserve (gas)

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