Don’t worry, this guide is not here to confuse you, it’s here to clarify exactly how long it will take to switch energy supplier. Now, we’ve broken it down into three steps, to make it easy to understand that there’s more to a switch than just clicking your fingers. There’s a slight bit of legwork, but nothing too strenuous. You can do it all without leaving the house!
The British media have been openly critical of the ‘Big Six’ energy companies and their price fixing activities in the past, whereby they worked together to raise the industry prices to give the illusion of the market price.
In 2009, these six energy companies owned an incredible 99.8% of the UK energy market: British Gas, EDF Energy, Npower, E.ON, Scottish Power and SSE
In this guide to long term energy bill reduction investments, we will walk you through all of our recommended gadgets, upgrades and installations for reducing your energy bills in the long run.
One of the most frequent feelings that we hear from our customers is ‘My energy bill is too high’. It makes you feel helpless, and that’s why we are here, to provide a solution.
It doesn’t have to be that way, you can figure out most of why your prices are rising or falling by asking yourself these questions anytime you ponder ‘Why is my energy bill so high?
Making deliberate efforts to conserve energy is one surefire way to get the bills down. Doing things such as improving insulation, turning lights off when you’re not in the room and turning appliances off at the wall rather than leaving them on standby can have a great long-term effect.
If you’ve just moved house, rented an apartment or taken a room in a house share, it’s quite possible that you don’t know the answer to ‘Who supplies my energy?’.
Perhaps you don’t need to worry, especially if you have a landlord who sorts the bills out themselves, however, if you’re asking yourself ‘Who supplies my energy?’ because you’re looking to get a better deal, you’ve come to the right place…
On top of moving home, removal van fees, heaps of paperwork and new mortgage figures to pay, the last thing anyone needs is over-inflated energy bills! When people leave a property, it’s their responsibility to inform the energy company, but a lot of the time they forget.
Ofgem, the government regulator for the gas and electricity markets in the UK, announced that it was investigating the Big Six energy companies (British Gas, SSE, Scottish Power, Npower, E.On and EDF) for profiteering.
Ultimately, the eighteen-month investigation found that the Big Six were overcharging £1.7bn a year, roughly £234 a year per household, but Ofgem bowed to pressure from the Big Six and placed the blame on consumers.
The energy market can be something of an untamed beast at the best of times, and if the latest news is anything to go by, this proverbial beast has been well and truly unleashed for many years to come. It was announced last week that over a million Scottish Power customers will see their energy…
The voice of serious concern has been raised in parliament stating six major UK energy suppliers punish consumers for loyalty.
MPs have started a debate last week stating the big energy firms often switch the customers on to more expensive deals with variable rates after their lower agreed tariffs expired. This is being done without the customers’ being informed of the change. Energy suppliers tend to do that on a regular basis, making the “rip off” tactics a systematic practice in the business.
This sort of exploitation does not happen in any other industry, noted John Penrose, with the long term customers suffering much higher energy bills compared to new customers.
Former Tory minister introduced a “relative price cap” scheme with the aim to protect the most loyal consumers of leading energy suppliers. The proposed solution will regulate transfer to a new tariff which cannot be more than 6% more expensive than the last one.
