Thousands of households enjoy £300+ energy bill savings


Updated on 24 March 2015 | 0 Comments

Power to Switch campaign led to more than 100,000 homes to switch energy supplier, with big savings as a result.

Around 130,000 households have switched energy supplier following the launch of the Government’s Power to Switch campaign last month, saving an average of £312 on dual fuel deals.

The Department of Energy & Climate Change revealed that more than £38 million has been saved in total over the last month. The campaign has resulted in a whopping 80% increase in the number of households switching energy deals compared to the same period last year, with the total savings as a result of switching almost doubling.

The Power to Switch campaign

The Power to Switch campaign launched back in February, and was designed to encourage households to shop around and switch to better deals.

[SPOTLIGHT]The campaign included the launch of the Government website Be An Energy Shopper, which offers help on making sense of your bill, explains how to compare tariffs and pushes users towards Ofgem-accredited price comparison sites, like lovemoney.com, in order to help you find the best deal.

Energy and Climate Change Secretary Ed Davey said that the huge increase in switching year-on-year showed that people want better deals from their energy suppliers, adding: “Our reforms to the market have driven competition and made that possible.”

These reforms include speeding up the time taken to switch supplier and encouraging the entry of new suppliers. For a great round-up of suppliers you may not have heard of, read Unusual energy tariffs and suppliers: alternatives to the Big Six.

Compare gas and electricity tariffs with lovemoney.com

The best gas and electricity deals

The table below highlights the cheapest dual fuel gas and electricity tariffs today, with prices based on average annual usage.

Energy supplier

Tariff

Type of tariff

Average annual cost

Scottish Power

Online Fixed Price Energy March 2016

Fixed (until March 2016)

£917.92

Extra Energy

Fresh Fixed Price March 2016

Fixed (until March 2016)

£918

Extra Energy

Clear Fixed Price March 2016 

Fixed (until March 2016)

£919

Extra Energy

Bright Fixed Price January 2016

Fixed (until January 2016)

£919

First Utility

iSave Fixed March 2016 (v44)

Fixed (until March 2016)

£919.49

Npower

Price Fix May 2016

Fixed (until May 2016)

£927

Green Star Energy

Rate Saver 18 Month Fixed

Fixed (for 18 months)

£943

Co-operative Energy

Fair & Square March 2016 v2

Fixed (until March 2016)

£944

Sainsbury's Energy

Fixed Price March 2016

Fixed (until March 2016)

£949.36

Green Star Energy

Green Saver 12 Month Fixed

Fixed (for 12 months)

£973

Source: lovemoney gas and electricity comparison centre

Prices based on average consumption as measured by Ofgem of 13,500kWh of gas and 3,200kWh of electricity and a customer paying by monthly direct debit including VAT.

You may even be able to get a cheaper tariff, depending on where you live. So why not have a look and see if you could be making savings too?

Compare gas and electricity tariffs with lovemoney.com

More on energy bills:

The UK's worst energy companies

Cheapest gas and electricity tariffs

Bill shock warning: energy tariffs ending in March

Comments


View Comments

Share the love