Easy Energy Savings

Has it been a while since you switched your energy supplier? Andy Webb explains why it might be worth switching it again soon…

- Andy Webb

Gas and electricity prices have been increasing sharply over the last few months.

Along with the winter weather you’d think it would be enough of a nudge to get you switching and save some money. Yet more than half of households are still on the default variable rate tariffs, usually the most expensive option, according to regulator Ofgem.

In fact, only one in five households switch suppliers each year, and three in five have never switched, or have only switched once. That’s a lot of people losing out on a lot of money. The most recent figures show the average saving for switching and fixing is a huge £320 a year. That’s just one year.

So what’s stopping you from making that kind of saving? This month I’ll take you through what you need to do. It’s easy, I promise.

First, let’s bust some myths.

When you switch energy supplier, there’s no disruption to your home or interruption to your supply. No one needs to come to your home and fit new pipes or wires, for a start. And the same gas and electricity will flow as before. It’s all the same infrastructure, whoever you get your energy from. The only real difference is who you receive your bill from.