Switching Energy Provider
Ofgem, the gas and electricity regulator, recently reported that 45% of people don’t recall switching energy supplier. Unfortunately for these customers, they’re likely to be paying a lot more for their energy than they need to.
Ofgem also reported that if these customers did switch suppliers, they could potentially save around £300 a year. Our data though, shows that some customers could save a lot more than that. For example, the average customer in the North East saved nearly £550 when switching with comparethemarket.com, while for our Scottish customers it was just over £400. In some cases, there were customers who saved over £1,000!
These are big savings! So why are people not switching? Let’s look at some of the reasons and dispel some myths:
- It’s too difficult – It really isn’t! We’re here to make it simple for you. In fact, all you need to make it super smooth is your old bill. We can still help you switch even if you don’t have it, but if you’ve got it, we’ll be able to be more accurate with what you’re saving.
- It takes too long – Ideally the switch shouldn’t take any longer than 17 days, and this includes a 14 day cooling off period, during which time you could change your mind if you wanted to.
- I might get cut off – You won’t. When you switch supplier, nothing physically changes with your gas and electricity supply other than the company billing you. Same pipes, same energy as you would have got if you hadn’t switched.