Energy 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 you the average savings you could make if you were to switch today.

Share

energy snapshot October

October 2016 Energy Snapshot

There’s so much in the press these days around electricity prices, gas prices, and the energy companies themselves, that it can become quite bewildering. We decided we wanted to help consumers with some straightforward, easy to understand information, which has led us to publishing a regular fact-giving Energy Snapshot.

These include facts on how much our customers are saving when they switch, who they’re switching from, and who they’re switching 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.

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 may surprise you. Customers who switched with us in October 2016 to Sainsbury’s Energy Price Promise October 2017 made an average saving of £791.55! While not everyone might be able to find such a saving, you’ve nothing to lose by having a look.

We’ve also drawn out the energy deals that will be ending in November 2016 so if yours is on the list, you may want to take the opportunity to find a new deal that could make some savings.

The Big 6

In recent months we’ve seen more and more people leaving the Big 6. In October 2016 21.81% switched from one of the Big 6 providers as you found that greater savings could be made elsewhere, usually with some of the smaller suppliers. But more people, 23.15%, switched to the Big 6 this month continuing a three month trend. It’s true that great deals can be found everywhere, so it’s a good idea to compare to find the right one to meet your needs.  

Who has the most to gain?

Last month, those of you aged over 80 years old saved the most money by switching suppliers, with an average saving of £584.12 for this age group. And those of you aged 50-64 came in close second with an average saving of £444.91 – but there are savings to be made whatever your age. It really could pay to compare.    

Simple switching

So how can you find these amazing deals? We’ve made it simple. Our Snapt app allows you to quickly and easily compare energy tariffs based on your usage. Just scan the QR code on your latest bill and then you’ll be able to review the cheapest quotes based on your previous usage.
Or for those of you who’d rather use traditional methods, you can compare energy tariffs here or by phone to help find a great deal for you.

So, what are you waiting for? If you’ve been with your energy company for a year or more, 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