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What is a collective energy switch?

It’s never been easier to switch your energy supplier. Not only do we make it simple, customers who switched with us to our highest saving tariff in August 2017 saved an average of £339.27. And with our collectives, you could save even more… 

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What is a collective?

A collective is a deal, tariff or exclusive plan from a gas and electricity supplier for a group of consumers. Collectives are generally available for a limited time or restricted to a limited quantity (depending on the deal), and as they’re sourced for a specific group of customers, they’re usually not available elsewhere.

A collective is typically arranged by a third party: in the past, third parties have included councils, comparison sites and national newspapers. The idea behind it is simple – a group should have more bargaining power and should be able to negotiate better deals from an energy provider than an individual household can.

Over the past few years we’ve secured several successful collective energy tariffs exclusively for consumers switching through comparethemarket.com. These collectives have seen consumers buying new tariffs and switching their gas and electricity in their thousands.

Collective Switching
how collective energy switching works

What is collective purchasing?

Collective purchasing is when a third party uses their customer group to purchase a specific deal, tariff or exclusive plan. Collective purchasing allows us here at comparethemarket.com to negotiate harder with gas and electricity suppliers to bring you even better deals. That’s because if a provider has the opportunity to secure large numbers of new customers quickly, they’re far more likely to put their best deals forward.

Collective purchasing schemes were popular in 2012 following endorsement by the government, which also ran its own scheme in October of that year. However, many of the schemes didn’t attract the participation organisers had hoped for. But with energy prices back in the news, there’s been renewed interest in such schemes.

How do you switch to a collective?

If you start a quote with us and see a comparethemarket.com collective in your quote results, then you can switch to it just like any other tariff – it’s as simple as that!

A note from our experts…

Peter Earl, our head of energy and utilities, says:

‘A lot of customers use us to compare one or more products. By using the power of our customer numbers, we’re able to help drive down the price that customers pay for their gas and electricity by sourcing competitive rates just for them. The savings that customers can make will only grow as we continue to source exclusive deals over the year.’

How to find out about our next collective 

If you’re an eligible comparethemarket.com customer and there’s a collective available, it will appear in your search results so you never miss out on these exclusive tariffs and deals. We occasionally email customers to let them know a collective is available; just make sure your email preferences are switched on so that you can receive them. If you don’t have your email preferences ticked, then you won’t receive an email notification (but you’ll still be eligible to switch). You’ll also be able to find more information on our website.

If you don’t already have a comparethemarket.com account, you can sign up now.

Switch and save today

We’ve always been a huge advocate of switching and here’s why. According to our most recent Energy Snapshot, those in the South East saved an average of £223.03 by switching suppliers, while those in the North West made an average saving of £202.84. And if you’re aged 50-64, you could save as much as £237.70, on average. Switching annually will almost always save you money and taking advantage of collective deals could save you even more.

 

All average annual savings are based on comparethemarket.com energy bill switches data in August 2017. Click here to find out more.

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