SWITCHING energy provider can be tricky and time-consuming. And comparing tariffs, choosing between plans and hunting for the best deal are tasks in their own right. To keep on top of price rises, you may look to regularly switch plan or provider. However, many don't do it at all. Earlier this year, Ofgem revealed that more than a third of UK households - nine MILLION - didn’t change gas or electricity providers between 2012 and 2017. It also found 33 per cent of people can't see the point of switching because all suppliers seem the same. Meanwhile MoneySuperMarket suggested that households are overspending by up to £300 a year by not switching. Automatic energy-switching service Switchcraft wants to curb such issues, prioritising a quick route to lowering bills. The company says that by signing up once users will never having to worry about energy again. And you could save up to £518 a year by doing so. That's because once signed up, the service will continually find … [Read more...] about Switchcraft wants you to NEVER worry about switching energy providers again
Switching energy providers
MARTIN Lewis has warned that millions of households need to switch energy providers now or risk forking out another £220 a year on your bills. In a new blog post, the MoneySavingExpert is urging customers on expensive Standard Variable Rates (SVR) and default deals with the Big Six energy companies to find a cheaper deal elsewhere. He also warned that the cheapest fixed-rate tariff is already £138 more expensive than it was a month ago. At the beginning of September, households could lock in to a cheap fix-rate deal for £867 a year but now that's shot up to £1,005 a year. The consumer champion said that the 16 per cent monthly price rise was "unprecedented". He wrote: "Let me be blunt. It's too late to bag this winter's cheapest energy deals. "We've constantly nagged about cheap switcher tariffs being pulled, mostly on the back of big oil price rises." How to switch suppliers and save SWITCHING suppliers is the best way you can cut your energy bills. Here's … [Read more...] about Martin Lewis warns millions of households need to switch energy supplier now
Failure to switch energy deal costs consumers €300 Independent.ie Consumers could save as much as €300 a year simply by switching their electricity and gas providers, new research has identified. https://www.independent.ie/business/personal-finance/failure-to-switch-energy-deal-costs-consumers-300-37375168.html https://www.independent.ie/business/personal-finance/article36328049.ece/e914b/AUTOCROP/h342/2017-11-12_bus_36033607_I1.JPG Email Consumers could save as much as €300 a year simply by switching their electricity and gas providers, new research has identified. The research, commissioned by the energy regulator, also found most householders do not realise that they must be told when their electricity or gas contract comes to an end. People who have signed up for a discount offer have to be informed by their supplier that the deal has ended and they will return to much higher standard energy tariffs. The Commission for the Regulation of Utilities (CRU) … [Read more...] about Failure to switch energy deal costs consumers €300
Britain’s energy regulator Ofgem may have moved to cap prices in a bid to prevent rip-offs, but experts have warned consumers not to be lulled into a false sense of security. The watchdog announced on Thursday last week that the annual cost of a dual-fuel energy tariff would be capped at £1,136 – claiming it would save 11 million customers an average of £75 a year. The Big Six energy suppliers will be forced to reduce the price of their standard variable tariffs, the costly deals you move to at the end of any fixed period. But industry experts have warned consumers not to sit back and relax, as switching supplier is still the best way to save money. Jane Lucy, of auto-switching service Labrador, said: “Being able to switch energy providers with ease is the best way to ensure that we have a competitive energy market. “Price caps promote lethargy and customers will, as a consequence, mistakenly believe that they are getting the best deal. This is … [Read more...] about Does Ofgem’s price cap mean I don’t need to switch energy supplier?
Regularly switching energy providers could save consumers more than €1,400 over a four-year period.The Energy Regulator says over the last four years customers who switched or renegotiated every year saved more than €1,100 on electricity.Regular switchers also saved about €670 on their gas bills, while those on dual fuel deals were better off by over €1,400.The regulator says electricity prices rose by 6% last year, but only 14% of customers switched provider last year. 8% of gas and electricity customers got a better deal by re-negotiating with their current supplier. … [Read more...] about Regulator claims customers could save €1,400 by regularly switching energy providers