Commenting on the latest figures from Energy UK, which show a 10% year-on-year electricity switching increase for July, uSwitch.com energy expert Rik Smith said:
“This is a significant increase in switching levels, driven by the huge number of fixed deals which came to an end in July this year after energy suppliers announced a string of price rises during the summer of 2018.
“As 64 fixed deals expired, households were determined to avoid a £96 million price increase by being rolled onto poor value standard deals. Instead people shopped around in their droves, proving once again that energy customers cannot be taken for granted by their suppliers.
“But if you received a message from your supplier saying your plan was ending and then heard that the price cap level was going down, don’t be caught out. You can find tariffs over £300 a year cheaper than the maximum allowed under the energy price cap, by spending just a few minutes shopping around.”
— ends —
Notes to editors
- Source: uSwitch data
- Default tariff cap from 1 October 2019: £1,179 per year. Cheapest tariff available as at 19 August 2019 £846 (Outfox the Market, “One Variable 6.0”). Assumes household with medium annual consumption on a dual-fuel tariff paying by monthly direct debit.
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'.