Who’s affected this month?
We’ve drawn out the energy tariffs that will be ending in March 2019, so if yours is one of the 67 on the list, you might want to take the opportunity to find a new deal that could save you money.
While we know that some of you can be put off switching energy providers, many of you have already discovered that it can be worth it and have benefited from some amazing energy deals.
So what kind of savings can be made with these switches? Some of the figures might surprise you. Customers who switched with us in February 2019 to our Pure Planet 100% Green tariff made an average saving of £228. You can go green and save, with three of highest saving energy offers coming from renewable sources. The second highest savings are from Lumo Energy and the third highest from So Energy - both small suppliers who focus on sourcing renewable energy from the UK.
The Big Six
Over the past year, we’ve seen people tending to leave the Big Six in large numbers. That trend has continued in February 2019 with over 25% of you switching from the Big 6 providers. While some of you did decide to move over to one of the Big Six, it was a relatively small number at 17%.
It’s worth noting that four out of five of our highest saving tariffs came from the smaller suppliers. We’ve found that one of the biggest worries for customers is whether these smaller suppliers are as reliable as the Big Six. Or whether they’ll be protected if a provider goes bust. However, rest assured, as Ofgem has introduced safety measures to protect customers in these circumstances so you’ll never lose your supply.
Great deals can be found everywhere, so it’s always a good idea to compare all types of suppliers to find one that meets your needs.
Who has the most to gain?
Last month, those of you in the 40-49 age bracket saved the most money by switching suppliers, with an average saving of £116. Coming in a relatively close second were customers aged 50-64, saving an average of £115. With the lowest saving working out at £97 for those aged 25-29, there are savings to be made whatever your age.
And no matter where you live, regional savings start from an average of £99, so it really could pay to compare and switch.