Commenting on the latest figures from Energy UK which show that 2018 was another record year for electricity switching, Head of Regulation at uSwitch.com, Richard Neudegg, said:
“2018’s record switching levels show that more and more households have taken advantage of strong competition to beat energy price rises and save hundreds of pounds by switching.
“We’re so close to a tipping point where the majority of energy customers won’t be on poor value standard variable tariffs, which will put more pressure on suppliers to up their game. In 2019, it’s vital that consumers don’t fall into the price cap trap by thinking they will no longer suffer price rises on standard tariffs.
“This is especially true as Ofgem is expected to announce an increase the level of the price cap in a few weeks’ time – which means the cost of standard tariffs is likely to go up, affecting over half the households in Britain.”
— ends —
Notes to editors
- Full details of electricity switching rates in 2018 are available from Energy UK here: https://www.energy-uk.org.uk/media-and-campaigns/press-releases/440-2019/6996-another-record-year-for-switching.html
Launched in September 2000, uSwitch is an online and telephone price comparison and switching service, helping consumers get a better deal on gas, electricity, broadband, TV services, mobiles and personal finance products including mortgages, credit cards, car and home insurance. Last year we saved UK consumers over £278 million on their energy bills alone.
Customers can sign up to an account that automatically monitors the energy market and notifies them when they can move to a cheaper tariff, while broadband customers can conduct a speed test to find out how fast their broadband is and identify the best deal for their postcode.
The multi award-winning 'Switching Made Simple' app allows customers to compare energy, broadband, credit card, mobile and SIM-only deals – and uSwitch also has a UK contact centre manned by energy and broadband experts. Customers can post their latest energy bills to FREEPOST USWITCH to receive a free call back and be guided through the comparison process, or they can email firstname.lastname@example.org with their postcode and usage details.
uSwitch is owned by ZPG, which operates some of the UK’s most trusted digital brands that help empower smarter property and household decisions including Zoopla, Money, PrimeLocation and SmartNewHomes.
If you would no longer like to receive our press releases please email email@example.com with 'unsubscribe'.