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.”
FOR MORE INFORMATION
Tim Dunford
Phone: 020 3872 5612
Mobile: 07785 552666
Email: tim.dunford@uswitch.com
Twitter: @uswitchPR
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.
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