Energylinx News

November 2018 Monthly Archive

November 22, 2018

Over 630,000 UK households switched energy supplier last month

New figures from Energy UK has shown that 633,238 households moved to a new electricity supplier in October.

This is 3% more than October 2017 and brings the total number of switches to nearly five million (4,917,486) for 2018 so far - up 6% on this point in last year's record-breaking year for energy switching. 27% (167,817) of all switches in October went to small and mid-tiers energy suppliers.

Rising Energy Costs

Wholesale energy prices have risen by at least 30% in 2018, with Ofgem recently signalling that the price cap that has to take effect on January 1st, 2019 will likely to increase as soon as April 2019 if the trend in rising costs continues.

It's more important than ever that you look carefully at the energy deals that could protect you from further energy price rises. It only takes a few minutes to compare energy suppliers and switch to a cheaper energy deal. You can do it online or by calling one of our energy advisors on 0800 849 7077.

Confidence in energy switching remains high with 9 in 10 consumers happy with the process according to research from the Energy Switch Guarantee, an initiative that promises UK households a speedy and secure energy switch. If an energy supplier is covered by The Energy Switch Guarantee, then you will see the logo under in the results page of your comparison. This should provide you with extra confidence that the process will be simple, speedy and safe.

Lawrence Slade, chief executive of Energy UK, said:

"With such a wide choice of suppliers, you can also look for one which best meets your expectations on things like customer service or green tariffs. Ultimately the best way to keep bills down is making sure your home is as efficient as possible, so I would urge consumers to ask their energy provider about energy efficiency measures which are proven to keep bills down."

Avoid an energy price hike, compare energy suppliers now. Energylinx offers a free and impartial energy comparison and switching service. Compare energy suppliers online or by calling 0800 849 7077 and speaking to one our friendly advisors. We are open Monday - Friday 9am - 6pm and Saturday 9am - 3pm.

Posted on November 22, 2018 at 10:44 AM

November 16, 2018

New Npower tariffs for sale through Energylinx

As of today (Friday 16th November) Npower has two new energy tariffs available to switch to through Energylinx; Broker Exclusive Fix December 2019 & Price Fix April 2020.

Who is Npower?

Npower is one of the UK's big six energy firms and is part of the Innogy group, one of Europe's leading electricity and gas companies.

Npower has around 4.84 million residential and business accounts with electricity and gas.

Key Facts about Broker Exclusive December 2019

• 14.3% discount compared to Npower to Standard Variable Tariff
• Prices are fixed up until 31st December 2019. If customers don't choose a new tariff to switch to when Broker Exclusive December 2019 ends, they will automatically be moved to Npower's cheapest standard variable tariff, a relevant fixed term default tariff or another applicable tariff. Npower will make customers aware in advance.
• £1,054* average annual cost for electricity & gas. Annual cost for individual customers will vary and may be higher.
• Customers have 3 payment options; fixed monthly or quarterly variable Direct Debit or on Receipt of Bill.
• Broker Exclusive Fix December 2019 is available to customers with standard credit or Economy 7 credit meters.
• The accounts must be managed online and key communications via email.
• A £30 per fuel early exit fee may apply if a customer changes their tariff or supplier before 12th November 2019.

Key Facts about Price Fix April 2020

• 9.4% discount compared to Npower's Standard Variable
• Prices are fixed up until 30th April 2020. If customers don't choose a new tariff to switch to when Price Fix April 2020 ends, a relevant fixed term default tariff or another applicable tariff. Npower will inform customers in advance.
• £1,127* average annual cost for electricity & gas. Annual cost for individual customers will vary and may be higher.
• As with all npower tariffs a standing charge applies.
• Customers have 3 payment options; fixed monthly or quarterly variable Direct Debit or on Receipt of Bill.
• Price Fix April 2020 is available to customers with standard credit or Economy 7 credit meters.
• A £30 per fuel early exit fee may apply if a customer changes their tariff or supplier before 12th March 2020.

You can compare your current energy tariff against the new Npower tariffs through the Energylinx website or by calling one of our energy advisors on 0800 849 7077. We are open Monday to Friday 9am to 6pm and Saturday 9am - 3pm.

Posted on November 16, 2018 at 06:52 AM

November 6, 2018

Energy Bills to be Capped in 2019

Ofgem has confirmed that an energy price cap will come into place on January 1st 2019, protecting 11 million customers who are currently on poor value default tariffs.

When the price cap comes into force, energy suppliers will have to cut the price of their default tariffs (including standard variable tariffs) to the level of or below the cap.

Ofgem has set the final level of the price cap on gas and electricity at £1137 per year for a typical dual fuel customer paying by direct debit. The regulator for the energy industry has claimed the price cap will save GB households around £1 billion.

How much will I save on my energy bill?

The cap will save customers who use a typical amount of gas and electricity around £76 per year on average, with a typical customer on the most expensive tariffs saving £120.

Ofgem considers a typical customer to be a medium gas user and medium electricity user (profile class 1). A medium user uses 12,000 kWh of gas and 3,100 kWh of electricity. Different cap levels will apply depending on how customers pay, where they live and their meter type.

What will happen to the cap next year?

To reflect the latest estimated costs of supplying electricity and gas, including wholesale energy costs and to ensure that those protected always pay a fair price for their energy, the price cap level will be updated in April and October every year. In February 2019, the level of the price cap will be set for April 2019.

What will energy cost after the price cap?

The per unit level of the price cap for a typical customer paying by direct debit will be 17p per kWh for electricity-only customers and 4p per kWh for gas-only customers. Standing charges are capped at £83 for electricity-only customers, £94 for gas-only customers and £177 for dual-fuel customers.

Switch energy supplier to save more money

Households protected by the energy price cap could save even more money by shopping around for a better energy deal.

To compare energy suppliers and find out what you can save visit the Energylinx website or call one of our energy advisors on 0800 849 7077. We are open Monday to Friday 9am to 6pm and Saturday 9am to 3pm.

Posted on November 6, 2018 at 10:48 AM