SWITCH your energy supplier if you do not like it!
Posted by Gabby Mallett on 7 February 2017 at 11:50 am
I could have written a blog here where I spent the majority of my time damning the big six energy suppliers and their price increases, but that wouldn’t be news to you. Some of the major suppliers are sneaking out little increases (EDF), others (npower) are going a bit further. The rise announced by npower, 15% for electricity and 4.8% for gas, is pretty staggering and is likely to add about £109 to the average bill.
So why don’t people switch? I know I keep on about it, but I just got a lovely email from my supplier saying that they are ‘committed to keeping our renewable energy affordable. We can confirm we will not be increasing our prices for the rest of this winter. And we don't have any plans to increase them after then, either’. And why did I switch to them in the first place, well they do 100% renewable energy, but also because they were CHEAPER!
I understand that people are generally worried about what could go wrong with switching supplier, but really there are very few cases where this happens. Usually someone choses to switch and it happens pretty seamlessly over a period of a couple of weeks.
So this blog is written more as a call to arms. If you are an npower customer why don’t you go on to a switching site and see how much better a deal you could get by switching. You can post the results here if you want, but the most important thing is that we don’t keep letting these big six suppliers hold us to ransom just because they know we aren’t going to do anything about it.
npower apparently have 1.4 million customers. I wonder what would happen if they lost just 10% of them to their competitors? That’s 140,000 families getting a better deal elsewhere. If each of those families was paying the average £1,066 (see below) a year for their gas and elec that would be a loss of £1.49billion. I think npower, and the others, might take some notice of us then.
If you are thinking of switching, or you want to know how much profit energy companies make from domestic customers then check out the Ofgem figures below. You'll remember David Cameron saying he wanted to get rid of all the 'green crap'. You can see how little difference this environmental and social obligation makes to our bills below.
The above graphic is from a very useful infographic published by Ofgem. Here we learn that :
- There are 48 active energy suppliers in the UK market.
- Whilst the average variable dual fuel tariff is £1,066, the cheapest available tariff is around £870 for a year.
- 46% of switchers are moving to small and medium suppliers for dual fuel deals
So, let’s get on with it and start a switching revolution.
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