Commenting on today’s announcement from Energy UK that the overall number of electricity switches in 2016 reached a three year high of 4.8 million, Emma Bush, energy expert at Uswitch.com, says: “It’s great to see so many consumers taking control of their electricity bills in what was a challenging year for the energy industry, with rising wholesale costs driving many small suppliers to put up their prices.
“People need to act now to avoid being hit by higher energy bills this year. EDF Energy has already announced plans to hike its electricity prices by 8.4% from March and the rest of the big six are likely to follow suit.
“Anyone who has been with their energy supplier for more than a year should check that they are still on the cheapest deal – switching could save them up to £618. Moving to a fixed deal is a particularly attractive option right now as it offers protection against the expected price increases in the months ahead.
“Today’s figures are encouraging, but to help competition the industry should be committing to a switching target of 25% by 2020. The CMA’s package of remedies will help achieve this and needs to be implemented quickly to drive greater choice, better customer service and reduce bills.”
Find out how you could save over £1,000 a year with Uswitch here.
FOR MORE INFORMATION
Ailene Barr
Phone: 020 3872 5610
Email: ailene.barr@uswitch.com
Twitter: @uswitchPR
Notes to editors
Energy UK press release, 13th January 2017
Between 1 June 2016 and 30 November 2016, at least 10% of people who switched energy supplier for both gas & electricity with Uswitch saved £618 or more.
Best buy table, correct as of 12th January, 2017. Source: Uswitch.com.
| Supplier | Plan name | Average bill size | Tariff type | Cancellation fees | ||
|---|---|---|---|---|---|---|
| Toto Energy | Go with the Flow | £880 | variable | |||
| Avro Energy | Simple and Premium | £883 | fixed | |||
| Economy Energy | Direct Saver 2017 (v2) | £889 | fixed | £50 | ||
| So Energy | So Gorilla | £897 | fixed | £10 | ||
| iSupplyEnergy | iFix 12-Month Jan18 v2 | £902 | fixed | £60 | ||
| Robin Hood Energy | Robin Hood Energy Evergreen | £904 | variable | |||
| The Energy Deal | Action | £904 | variable | |||
| Bristol Energy | Bristol Energy 1 Year Fix Issue 7 | £907 | fixed | |||
| Octopus Energy | Octopus 12M Fixed | £907 | fixed | |||
| Utility Warehouse | Double Gold Fixed 10 | £909 | fixed | £50 |
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