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Nearly 4 in 5 tenants never switch energy supplier

Nearly 4 in 5 tenants never switch energy supplier

Category: Gas and electricity

Updated: 19/09/2013
First Published: 19/09/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

As energy price hikes loom on the horizon, the regulator Ofgem has reminded tenants that it is their right to be able to switch energy provider.

Ofgem research reveals that nearly four in five UK tenants, or 77%, have never switched energy suppliers.

This had led the regulator to remind tenants that if they are directly responsible for paying their gas and/or electricity bills then they have the right to choose their own energy supplier, and landlords or letting agents can't prevent them from doing this.

"At a time when nine million British households are renting and budgets are tight, it is important that consumers are clear about where they stand when choosing and switching their energy supplier," said Philip Cullum, Ofgem senior partner.

Switch now to save before winter price hikes

Earlier this month, the comparison site Energyhelpline predicted that the Big Six energy providers (British Gas, EDF Energy, E.ON, npower, Scottish Power and SSE) will announce price increases of between 5 and 10% in the next few months.

This would push the average consumer's annual energy bill up from £1,420 to £1,560 – a £140 increase per year.

But by switching to a cheaper energy deal, consumers could save up to £320 per year, according to energyhelpline.

Price tariffs start from a little as £1,139 per year, fixed till 30 September 2014, from M&S Energy.

So switch energy deals now to safeguard against the looming price hikes.

What next?

Beat the energy winter price hikes - Save up to £320 on your gas and electricity

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
 
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