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
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