More than 20,000 people are saving an average of £131 on their annual energy bills – thanks to collective switching – according to a new report published today.
Average annual savings of the three schemes in Edinburgh and Fife were even higher – at £147 a year – while one scheme in Nottingham saved an average of £200 per household.
Welcoming the report, Ed Davey, UK Energy Minister, said; “The competition we are introducing to the energy market means people have a real choice. They can look for the best deal available; including from smaller suppliers, with the confidence that switching will make an immediate difference to their bills and force the Big Six to compete on price.
“Collective switching schemes have saved people money and increased engagement in the energy market. Collective switching gives power to communities by bringing people together to find the best deal for them.
“Looking ahead, we will continue to facilitate the development of new collective switching schemes that will further help consumers get the best deal. For example, we know that 77 more local authorities are set to launch further collective switching schemes.”