April 24, 2018
Just under 1.3 million customers have switched energy supplier in the first three months of 2018, with 474,235 switching electricity suppliers in March alone. This is on the back of a record-breaking February but is down on the switching figure of 536,658 recorded for March in 2017.
The figures shows that the number of customers switching energy suppliers during the first quarter of 2018 saw a small dip from 1.3 million in 2017 to 1.29 million this year.
Small and mid-tier energy suppliers continue to make gains on the "Big Six" with a quarter of energy switches in March were taken from large energy suppliers to smaller ones.
The Energy Switch Guarantee says that confidence in energy switching is high, with 9 in 10 customers happy with the process. The Energy Switch Guarantee is a voluntary industry initiative to provide additional consumer confidence in switching. The Guarantee, now covers over 90% of the retail market and is a series of commitments to ensure switching is simple, speedy and safe.
Lawrence Slade, chief executive of Energy UK said:
"Finding a better deal can save customers a lot of money. Either checking with your existing supplier - or seeing what's on offer from over 60 suppliers on the market - is well worth the effort. And with the Energy Switch Guarantee in place, consumers can be sure that the process will be simple, speedy and safe."
April has seen three of the "Big Six" energy suppliers announced an energy price increase; British Gas, EDF Energy and Scottish Power. If you are a customer of one of energy suppliers then now is the time to find a cheaper tariff. Energylinx offers an Ofgem accredited energy comparison and switching service. You can do it through our website or by calling 01259 220000.
Posted on April 24, 2018 at 02:47 PM
April 10, 2018
British Gas is to increase the energy prices for customers on its standard tariffs by an average of 5.5% - working out at approximately an extra £60 a year. British Gas is the first of the major suppliers to raise prices this spring.
The new price hike will take effect on 29 May and follows British Gas' 12.5% electricity price increase in September 2017.
The energy price increase, which applies to both gas and electricity, will see the average annual dual-fuel bill go up to £1,161. British Gas has blamed increased wholesale gas and electricity costs and initiatives such as the smart meter roll-out and schemes to reduce carbon emissions being behind its latest hike.
The UK's largest energy supplier said that 4.1 million of its customers would be affected. The increase will be felt the most by customers in Birmingham (Area 14) as the average user will see a £74 price increase.
Based on Ofgem Medium User Averages - gas 12,000 kWh and electricity 3,100.
Chief executive Mark Hodges said:
'We fully understand that any price increase adds extra pressure on customers' household bills. This increase we are announcing today is reflective of the costs we are seeing which are beyond our control.
'Government policies, intended to transform the energy system, are important but they are putting pressure on customers' bills. We believe Government should level the playing field so the customers of all suppliers pay a fair share of energy policy costs.'
Are you a British Gas customer? The best way to beat the latest energy price increase is to move away from British Gas' standard variable tariff on to a cheaper fixed term tariff or by shopping around for a cheaper energy supplier.
Energylinx offers a free and impartial energy comparison and switching service. You can compare energy suppliers on our website or by calling one of our friendly energy advisors on 01259 220000. Our call centre is open Monday to Friday 9am to 6pm and Saturday 9am to 3pm.
Posted on April 10, 2018 at 10:23 AM