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. 

May 2018 Energy Snapshot

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 May 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 comparethemarket.com.

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 comparethemarket.com customers during May 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 June 2018, so if yours is one of the 52 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.

It’s worth noting that only one of this month’s top five money-saving tariffs was from a Big Six supplier – and that was EDF.

So what kind of savings can be made with these switches? Some of the figures might surprise you. Customers who switched with us in May 2018 to our Simplicity Energy Simplicity Exclusive EHL May 2018 tariff made an average saving of £368.88. While not everyone might be able to find such a saving, you’ve nothing to lose by having a look.

The Big Six

Over the past year, we’ve seen people tending to leave the Big Six in large numbers. However, in May 2018, a whopping 50.43% of you switched from one of the Big Six providers and found greater savings elsewhere – that figure is far higher than any of the previous months.

While some of you did decide to move over to one of the Big Six, that number was only 4.61% – the lowest since March 2016. Recent reports in the press around energy price hikes have resulted in customers considering other options, especially as the top-saving tariffs tend to come from suppliers other than the Big Six.

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 aged 80 and over saved the most money by switching suppliers, with an average saving of £215.72. Coming in a close second were customers in the 50-64 age bracket, with an average saving of £214.27. With the lowest saving working out at £133.49 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 £178, 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.