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
Switching energy providers
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
KEEPING track of your energy bills is hard enough without the stress of moving house. So how can you get the best deal on your energy and find out who your suppliers are? Here’s what you need to know. How can you find out who supplies your gas, water and electricity when you move house? There are a few ways you can find out who your supplier is. If you don’t have a recent bill for your new home, the simplest way to find out is to ask the estate agent or previous owner. However, if the above aren’t possible, there are numbers you can call to check and websites you can visit. MORE ON MONEYLOYALTY MOVE Avios airmiles are changing forever and you don't have long to sign up BOTTLING IT Tesco have tinkered with the lunch time favourite £3 meal deal BILL HIKE Are you affected by the EDF electricity price rises? bill chill British Gas price rise - who owns the company and when will bills increase? HIGH FLYING The lowdown on Airmiles and how they work... top tips and … [Read more...] about Who supplies my gas, electricity and water? How to find out who your energy providers are
It's almost the start of the new tax year - which means the perfect time to take a fresh look at your spending - and where you may be overdoing it. And energy could be one of the easiest ways to cut back, after prices leaped an average of £418 per household last year. “For too long the Big Six have been exploiting their disengaged customers by keeping them on their most expensive tariffs - despite the huge savings available for those who switch," said Ed Kamm from energy firm, First Utility. "The fact that most households could have saved enough over the last three years to treat the family to a break at Disneyland shows they’re taking the Mickey.” For anyone looking to spring clean their finances, this is how to switch energy providers. How to switch your supplier You'll need: ✔ Your postcode ✔ Your current gas and electricity supplier, and the name of your tariff ✔ How much you use in kilowatt hours (kWh) on gas and electricity. You can … [Read more...] about How to switch energy providers to a cheap gas and electricity deal