Switch energy supplier to get the best deal
Posted by Cathy Debenham on 4 May 2012 at 9:31 am
Have you switched energy supplier since the industry was deregulated? If the answer is no (and it will be for about half of you), you are almost certainly not getting the best deal. Energy companies have a complex maze of different rates, and the only thing you can be sure about is that if you've been a customer for a long time, you're not getting the best rate. They tend to be reserved for new customers - and for those who are on "dual fuel" arrangements (ie they buy both gas and electricity from the same supplier.
The good news is that most people who haven't switched supplier can save a lot. Switchers averaged £237 saving a year for a dual fuel account. And it's much easier than you think. There are lots of "switching" websites around, and you can move your account at the click of a button.
We recommend Which? Switch* because we like its independence, and that it is owned by the Consumers Association. It's also accredited by Consumer Focus. We also like the knowledge that it enables you to make choices that are based on more than price. If you want your electricity to be renewable, or if you are interested in finding out about service ratings of the various suppliers, Which? Switch* can help.
Bills have been rising at an extraordinary rate over the past decade. Households analysed** for the Committee on Climate Change last year found average bills rose by £455 between 2004 and 2010. Of this around £290 was due to increase in wholesale gas prices. Around £30 was to support investment in low carbon generation, and £45 for energy efficiency improvements in homes.
To minimise your energy bill pain, make sure that you're not spending over the odds. Click here* to check whether you are getting the best rates.
*This is an affiliate link. If you switch having clicked this link we will get a small commission which contributes to the costs of running this website.Renewable energy subsidies are often blamed for the significant upward trend in household energy bills over the past five years. But it's not true. The real cause is the increased cost of wholesale gas.
**The 21 million that have dual fuel energy bills.
If you have a question about anything in the above blog, please ask it in the comments section below.
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