Energylinx News

July 2016 Monthly Archive

July 19, 2016

Energylinx Pass Confidence Code Audit 2016

ofgem confidence code.pngEnergylinx is one of twelve OFGEM accredited price comparison websites. Every comparison site that is accredited by OFGEM is governed by the regulators Confidence Code. This is a set of key principles that members must follow to operate their service.

OFGEM carry out checks of all its Confidence Code members to ensure that they continue to operate to their standards. One of these checks takes the form of an annual website audit, the last audit took place in April 2016 with Energylinx meeting or exceeding every requirement across the board.

The audit looks at three key areas; impartiality, pricing and that Energylinx offers customers a comparison of the whole market.

Impartiality

We want our customers to have the full picture. Whether you get a quote online or over the phone, Energylinx will always show every tariff that is available to you. We are completely impartial and will show you price plans from every single energy supplier in the market, regardless of whether they pay us a commission or not. The list of suppliers that pay us commission is clearly listed on our website.

Our results are displayed in order of who is the cheapest based on the information you provide to us. The only way an energy supplier can top the results page is if their energy prices are the most competitive. Our customers can rest assured that Energylinx are completely impartial, and that by default we will make them aware of who offers them the biggest saving - not us the most commission!

Accurate Pricing

The pricing team at Energylinx are brilliant. There is now 44 domestic energy suppliers on the market, all with multiple tariffs. The pricing team guarantee that our gas and electricity price database is accurate; and that any new tariff changes are updated the same working day.

Our pricing time work hard to ensure Energylinx customers are seeing up to date pricing and making a decision about their gas and electricity tariff based on accurate and correct information.

Comprehensive

Our database includes every single tariff available in the market from every licensed domestic energy supplier. You won't be able to find any tariffs on any other sites that we don't include within our comparison, allowing you to make a fully informed choice when comparing energy prices with Energylinx. If we don't have a commercial agreement in place with an energy supplier, then you will be able to contact the supplier directly to take advantage of the tariff.

Energylinx strive to be able to allow our customers to arrange a transfer to every energy supplier, but sometimes this isn't possible. You can rest assured, however, that we will always inform you of a tariff.

According to OFGEM, 60% of energy users have never pursued switching companies - meaning that homeowners in the UK could be overpaying their energy bills by over £4 billion every year.

If you or anyone you know feels as if they could be paying too much for their energy bills, then use our free and impartial energy comparison tool - which is 100% approved by OFGEM.

Posted on July 19, 2016 at 08:26 AM

July 14, 2016

Switching Numbers Continue to Rise

switching numbers rise.jpgIn June 360,000 households switched their energy supply - a massive 58% increase on the same month in 2014. In 2016 so far, more than two million customers (2,323,694) have switched energy suppliers, which is almost a million more than switched their energy supply in the first 6 months of 2014.

The latest electricity switching data also shows 120,115 customers switched to small and mid-tier suppliers in June which is 33% of all switches for the month. Lawrence Slade, Chief Executive of Energy UK, said:

"It is great to see more and more customers shopping around over the summer months before winter hits. Over two million people have already switched supplier in 2016 and they have taken advantage of the fantastic deals offered by more than 40 suppliers. Since June 2014 the cheapest tariffs have fallen by over £200. There are now around 50 deals under £900 on offer. The new Energy Switch Guarantee - launched by the Industry last month - has made it even easier for customers to switch."

In June 2016, of all switches:

• 43% were between larger energy suppliers
• 33% were from larger to small and mid-tier energy suppliers
• 14% were from small and mid-tier to larger energy suppliers
• 9% were between small and mid-tier energy suppliers

Find out what you can save on your energy bills with Energylinx. A free and impartial OFGEM accreditation energy comparison service.

Posted on July 14, 2016 at 03:00 PM

July 4, 2016

Free Energy? Well, for one day a week...

British Gas has launched a new tariff that offers free daytime electricity for one day at the weekend. In a deal that is being billed as the first of its kind- benefiting a 2.4 million customers currently supplied by British Gas and that have a smart meter installed. British Gas currently supply 11 million homes throughout the UK.

British Gas said the "FreeTime Tariff" would be its cheapest dual-fuel deal and give customers more control over when and how they consume energy. The tariff, the first to offer smart-meter customers free electricity, will be fixed until March 2018.

British Gas has been running trials on this tariff and said that the change in customer's behaviour has saved on average £60 per year. Those customers moved some of their energy consumption to the free period, which made up 11% of the average customer's usage.

Sarwjit Sambhi, British Gas's managing director of UK home, said:

"FreeTime is an industry first and will give our customers greater control of their energy use. This will be the first of many smart-meter innovations from British Gas which will also contribute to managing the country's demand for power from the national grid."

Smart meters allow customers to keep up with how much energy they use and track what it is costing them on a monitor. They do away with meter readings and are meant to give people an incentive to save energy and money.
Whilst the concept of free weekend electricity for customers with smart meters is a positive move by British Gas, the smart meter rollout is still in its early stages. Currently functionality across suppliers is still creating challenges. It is worth pointing out that there are also cheaper deals out there for customers, that would see them paying less than on British Gas' standard tariff.

Government figures show that the 2.75m smart meters installed in British homes make up 5.8% of all domestic meters operated by large energy suppliers. The big suppliers installed more than 540,000 meters in the first three months of this year. The government wants all of the UK's more than 26m homes to have a smart meter by 2020 and has required suppliers to offer one of the meters to all their customers. The push is part of the government's plan to upgrade Britain's ageing energy system and reduce energy use.

Interested to find out what you could save on your energy? Energylinx provide a free and impartial online comparison and switching service. If you would rather speak to one of our energy advisers then they are available Monday-Friday 9am-8pm and Saturday and Sunday 9am-5pm. The number to call is 01259 220 000.

Posted on July 4, 2016 at 02:51 PM