Energylinx News

July 2017 Monthly Archive

July 27, 2017

UK to save up to £40bn on energy costs between now and 2050

Ofgem and the government set out plans to upgrade the energy system this week. By developing new technologies and services, they aim to reduce energy bills for consumers in the long term.

Domestic and business customers will have more given more control over how the use and store energy as part of the Industrial Strategy launched by Business and Energy Secretary, Greg Clark. The report, 'Upgrading our energy system' outlines a plan for a smarter energy system that will help homes and businesses make more informed choices about when they use electricity and charge products.

By removing the obstacles currently in place, the government aims to deliver a more flexible energy system and smart technology to make it cheaper for customers.

The UK's energy system has been changing for a while now, with over a quarter of the UK's electricity being generated through renewables such as solar and wind. The report addresses how this change can be embraced to ensure economic benefits for both businesses and households.

New technologies that help store and manage energy are emerging and the cost to produce and run them is dropping. This has provided the UK with an opportunity to create new businesses and jobs. It is thought that improvements to the energy system and the range of smart technologies being developed will help the country save up to £40bn on energy costs between now and 2050.

Business and Energy Secretary Greg Clark said:

"Upgrading our energy system to make sure it is fit for the future is a key part of our Industrial Strategy to deliver a smarter, more flexible energy system. A smarter energy system will create new businesses and high-skilled jobs, while making sure our infrastructure is able to cope with demand.

"It's an important part of our Industrial Strategy, given its potential to reduce energy costs, increase productivity, and put UK businesses in a leading position to export smart energy technology and services to the rest of the world."

By rolling out smart meters and enabling energy suppliers to offer lower tariffs and by making it easier for firms to develop smart appliances and gadgets, the plan will help consumers use energy when it is cheapest or get rewarded for returning it to the grid when it is needed.

Posted on July 27, 2017 at 01:17 PM

July 19, 2017

Is your energy tariff coming to an end?

The following tariffs stop on July 31st:

Affect Energy - Fixed Saver July 2017
EDF Energy - Blue+Price Freeze July 2017
EDF Energy - Blue+Price Promise July 2017
EDF Energy - Blue+Price Promise July 2017v2
EDF Energy - Blue+Price Protection July 2017
EDF Energy - Blue+Price Protection July 2017v2
First Utility - First Fixed July 2017 (Full Service)
First Utility - First Fixed July 2017 (Online Only)
First Utility - First Fixed July 2017 v10
First Utility - Fixed July 2017 v11 plus 75 Reward Online Only
First Utility - July 2017 v7 Online Only
First Utility - First Fixed July 2017 v8 Full Service
First Utility - First Fixed July 2017 v9 Plus 100 Reward Online Only
GnERGY - GnERGY Fixed July 2017
nPower - Online Price Fix July 2017
Sainsburys Energy - Fixed Price July 2017
Sainsburys Energy - Price Freeze July 2017
Sainsbury' Energy - Price Promise July 2017
ScottishPower - Online Fixed Price Energy July 2017

If you're on one of these energy tariffs, you'll likely be moved to your currents suppliers standard tariff. Now is the time to shop for a new energy supplier as customers on standard tariffs usually end up paying more than they should for their energy.

To avoid this you can do a quick and simple energy comparison with Energylinx that'll show you what you could save. You can also call one of our advisors on 0800 849 7077.

On average our customers save £255.92* on their annual energy bill.

* based on 20% of all users over the last 60 days (20 May - 18 Jul) achieving a saving of at least £255.92.

Posted on July 19, 2017 at 02:32 PM

July 13, 2017

Energy Switching Numbers Rise

The latest figures from Energy UK show that the number of customers switching energy supplier has risen by 12%.

The trade body said that 400,000 households changed their gas or electric supplier in June 2017, compared to around 360,000 for the same period in 2016.

The figures show there were 143,155 switches in June from larger to small and mid-tier suppliers, while a slightly higher number (145,028) switched from one large supplier to another.

Around 16% of the switches (64,580) were between small and mid-tier suppliers and 13% (51,410) were from small and mid-tier suppliers to one of the "Big Six" energy suppliers.

Energy UK estimates more than 2,500,000 customers have switched supplier so far this year.

Lawrence Slade, chief executive of Energy UK said:

"Switching continues to become more popular as the energy market becomes more responsive to consumers' needs. To bust another myth it really does just take minutes to switch to a better deal and save money even during this hot weather. Look out for the Energy Switch Guarantee - a commitment by suppliers to ensure a simple, safe and speedy switch."

Have you had a look to see what you could save on your energy bills yet? It's easy. You can either do it or the Energylinx website or by calling one of our advisors on 0800 849 7077.

Posted on July 13, 2017 at 12:48 PM

July 5, 2017

Ofgem Consider a New Energy Price Cap

A price cap on energy bills could be extended to many more households on low incomes, under plans being considered by energy regulator Ofgem.

Ofgem said on Monday that it would hold a summit in July to consider what form of "safeguard tariff" would be best, with one option being to extend the existing cap for the 4m households that are on prepayment meters to a further 2.6m vulnerable households that are currently in receipt of the warm home discount.

Currently, there is a limit on the cost of gas and electricity for those on pre-payment meters and it saves about four million people £80 a year.

The proposals come after a much wider cap in the Conservative manifesto was absent from the Queen's Speech. The Conservative Party made promises during their election campaign and they have now been accused of betraying millions of households after Ofgem announced the watered down proposals.

Theresa May had originally pledged a price cap on energy bills for 17m families during the general election campaign, but the policy wasn't mentioned in the Queens Speech. Instead a letter was written to Ofgem from business secretary, Greg Clark, asking for safeguarding "customers on the poorest value tariffs".

The response from Ofgem lists a range of proposals covering billing and switching.

Dermot Nolan, chief executive of Ofgem,

"We're focusing on plans that we will take forward with some urgency to offer extra protection for some customers."

That includes "a strong possibility that we'll extend the price cap currently in place for pre-payment meters to vulnerable customers as well".

Millions 'suffering'

Other proposals outlined by Ofgem include:

• A trial that would allow households to enter only their postcode and current supplier into a "digital deal checker" to view the cheapest tariff
• Requiring suppliers to inform customers of cheaper deals with rival companies, under a trial scheme
• A clickable option on all price comparison websites to ensure customers see prices in the whole of the market, not just preferred suppliers
• A cap on the charges levied when a pre-payment meter is installed under warrant

Savings to be made

Last year the Competition and Markets Authority concluded their investigation into the energy industry. They calculated that consumers were overpaying by up to £1.2bn a year. This is what led to the cap on the cost of energy for those on pre-payment meters.

Despite pressure not to put up energy prices, 5 of the "Big 6" energy suppliers raised prices earlier this year. The only supplier not to was British Gas but they are expected to announce a price increase after summer.

Lawrence Slade, chief executive of Energy UK, which represents the major suppliers, said:

"Energy companies are committed to engaging with their customers to help them get the best deals, and switching levels continue to rise with over two million consumers having already switched this year.

"We are committed to working with the government and the regulator to deliver an energy market where competition continues to flourish and which produces fair outcomes for all consumers, including better targeted support for the most vulnerable."

Switch to Save

If you're unhappy with the cost of your energy you should check to see whether you could save money with another a supplier. Running a comparison is easy and only takes a couple of minutes, you can do it on Energylinx's website or by calling one of our friendly energy advisors on 01259 220000.

Posted on July 5, 2017 at 01:31 PM