Energy Switching Snapshots | comparethemarket.com

Energy switching snapshots

Our monthly Energy Snapshot is designed to give you the low-down on the best energy deals that we’ve found for our customers, as well as showing the average savings you could make if you were to switch today

There’s so much in the press these days about the cost of gas and electricity that it’s easy to feel bewildered when it comes to choosing an energy deal that’s right for you. We want to help you with some straightforward, easy-to-understand information, so here’s our Energy Snapshot for July 2018.

It includes facts about how much our customers saved when they switched, who they switched from and who they switched to, as well as the most popular tariffs that we offer at Compare the Market.

This isn’t a matter of opinion like much of what you read, this is the low-down based on the actual experiences of our customers.

Energy switching snapshot
Average savings based on usage information entered by Compare the Market customers during July 2018. Achievable savings can vary among customers depending on individual household usage

Who’s affected this month?

We’ve drawn out the energy tariffs that will be ending in August 2018, so if yours is one of the 36 on the list, you might want to take the opportunity to find a new deal that could save you money.

Top savings

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 July 2018 to our Pure Planet 100% green tariff made an average saving of £369.75. While not everyone might be able to find such a saving, you’ve nothing to lose by having a look.

The Big Six

A couple of months ago, we saw the highest-ever number of switches away from the Big Six. That trend continued into July, with 30.61% of you switching and finding greater savings elsewhere.

While some of you did decide to move over to one of the Big Six, that number was only 11.31%. Recent reports in the press around energy price hikes have resulted in customers considering other options.

Great deals can be found everywhere, so it’s always a good idea to compare deals 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 £210.15. Coming in a close second were customers aged 50-64, with an average saving of £209.94. With the lowest saving working out at £140.64 for 21-24 year olds, there are savings to be made whatever your age. And no matter where you live, regional savings start from an average of £175, so it really could pay to compare.

Simple switching

So how can you find these amazing deals? We’ve made it simple. You can compare energy tariffs here or by phone to help you find a great deal.

So, what are you waiting for? If you’ve been with your energy company for more than a year, you can almost certainly save money. Why not compare today and see if you could be part of the savings we report in next month’s snapshot.

Previous energy snapshots