Click here to close now.

Welcome!

Symbian Authors: Jack Newton, Kevin Benedict, Matthew Lobas, Shelly Palmer, RealWire News Distribution

News Feed Item

Households Miss out on £3.8 Billion Energy Saving by not Switching

CHESTER, England, January 22, 2013 /PRNewswire/ --


  • Moving from the traditional energy supplier in your area could save you around £300 a year[1]
  • Bill payers in the South East can save the most - £385 or 27 per cent
  • Cold weather comes as all price hikes from the 'Big Six' take effect

UK households could reduce their annual energy bills by more than a fifth (21 per cent) by moving from their traditional energy supplier to the cheapest available product - an overall saving of £3.8 billion for the nation and a potential saving per household of £300 a year.[1]

Research by moneysupermarket.com, the UK's number one comparison site, also reveals the regional differences in the savings to be made by switching to the best deal. Of the UK's 14 energy regions, bill payers living in the North Wales and Liverpool region who are still customers of their original energy supplier have the highest average annual bills of £1,444 for their gas and electricity. The cheapest energy bills paid by those who have never switched are found in the East Midlands where the total dual fuel bill is £1,385, a difference of £60.  However, it is bill payers living in the South East who can make the biggest saving - £385, or 27 per cent.[1]

The recent cold and snowy weather will have added pressure to households already facing costly bills from the busy Christmas period, making the need to save money by switching tariff even more important for bill payers. Households who have never changed their energy deal could save an impressive £300 a year on average if they moved from the original (incumbent) provider's standard tariff and opted for the best value deal. If all the households who've yet to change to the best possible deal, made the switch the nation could collectively save £3.8 billion on its energy bills.[2] 

Clare Francis, Editor-in-chief at moneysupermarket.com, said: "The current cold snap has no doubt caused many households to dial up the thermostat, but there is obviously a price to pay for this. Price hikes, the festive period and the cold, snow-filled weather are a perfect storm for costly bills piling more pressure on hard-pressed families. But it's not all bad news as some of that money can be clawed back.

"Firstly, if you haven't changed your energy deal in the past 12 months, chances are you'll be paying more than you need so look to see if you can make savings by switching to a cheaper tariff. We recommend going for a fixed online deal as that will protect you in case we see another round of price hikes this year. If you're currently on a fixed price plan, remember to switch when it comes to an end.[3]

"As well as saving money by switching tariff it's also worth thinking about how you use energy at home. Making simple changes such as doing your washing at 30 degrees rather than 40 or 60, and turning appliances off as opposed to leaving them on standby, can result in significant savings over the year."

Notes to editors:

[1] Incumbent (traditional) Vs Best Tariff

                  Incumbent                           Incumbent Incumbent
      Region       Tariff           Best Tariff         v Best    v Best
                                            Potential  Potential
                                             Saving     Saving
                 Total (GBP)     Tariff    Bill (GBP)     GBP        %
                              British Gas
                                 Online
                                Variable
                                February
    Eastern      GBP1,405.53      2014     GBP1,111.99 GBP293.54  20.88%
 
                              British Gas
                                 Online
                                Variable
    East                        February
    Midlands     GBP1,384.64      2014     GBP1,097.14 GBP287.50  20.76%
 
                              E.ON Energy
    London       GBP1,400.57    Discount   GBP1,120.49 GBP280.08  20.00%
 
                              British Gas
                                 Online
                                Variable
    North Wales                 February
    & Liverpool  GBP1,443.64      2014     GBP1,137.76 GBP305.88  21.19%
 
                              E.ON Energy
    Midlands     GBP1,433.43    Discount   GBP1,117.86 GBP315.57  22.02%
 
                              British Gas
                                 Online
                                Variable
                                February
    Northern     GBP1,411.65      2014     GBP1,108.62 GBP303.03  21.47%
 
                              British Gas
                                 Online
                                Variable
                                February
    North West   GBP1,400.45      2014     GBP1,111.10 GBP289.35  20.66%
 
                              British Gas
                                 Online
                                Variable
    North                       February
    Scotland     GBP1,409.14      2014     GBP1,114.76 GBP294.38  20.89%
 
                              British Gas
                                 Online
                                Variable
    South                       February
    Scotland     GBP1,396.36      2014     GBP1,103.94 GBP292.42  20.94%
 
                              E.ON Energy
    South East   GBP1,415.25    Discount   GBP1,029.89 GBP385.36  27.23%
 
                              E.ON Energy
    Southern     GBP1,415.08    Discount   GBP1,124.09 GBP290.99  20.56%
 
                              E.ON Energy
    South Wales  GBP1,412.86    Discount   GBP1,127.26 GBP285.60  20.21%
 
                              E.ON Energy
    South West   GBP1,431.75    Discount   GBP1,136.49 GBP295.26  20.62%
 
                              British Gas
                                 Online
                                Variable
                                February
    Yorkshire    GBP1,397.46      2014     GBP1,098.69 GBP298.77  21.38%
 
    Average      GBP1,411.27               GBP1,110.01 GBP301.27  21.34%
 


[2] There are 21.6 million homes with both mains gas and electricity to their homes.

http://www.ofgem.gov.uk/Markets/RetMkts/Compet/Documents1/DRMR%20March%202007doc%20v9%20-%20FINAL.pdf

http://www.ofgem.gov.uk/Markets/RetMkts/rmr/Documents1/IpsosMori_switching_omnibus_2011.pdf

According to a survey by Ofgem, 59% of gas customers have never switched their supplier while 60% of electricity customers have never switched. Therefore at least 12,724,683 million households have never switched supplier.

12,724,683 x £301 (average potential saving swapping from incumbent to best energy supplier) = £3,830,129,583 or £3.8 billion

[3] Fixed deals coming to an end

                                                                    Saving by
                                                                    Switching
                                                                    to Market
                    Tariff                                           Leading
       Provider      Name     End Date   Energy Bill after End Date    Deal
                     Unifi
                    Capped
                    Energy
                     April
    Scottish Power   2013    31/03/2013         GBP1,368.45         GBP248.16
                    Capped
                     Price
                    Energy
    Scottish Power June 2013 31/03/2013         GBP1,368.45         GBP248.16
                    Online
                     Fixed
                     Price
                    Energy
                     April
    Scottish Power   2013    31/03/2013         GBP1,368.45         GBP248.16
                     Fixed
                     Saver
                     April
    Scottish Power   2013    31/03/2013         GBP1,368.45         GBP248.16


MoneySupermarket.com compares (at 27th Dec 2012)

  • 134 car insurance brands and 97 home insurance brands
  • 9 broadband providers and 20 energy providers   
  • 31 unsecured loan and 5 secured loan providers
  • 62 mortgage lenders and 26 credit card providers
  • 63 savings providers and 38 current account providers.
  • Over 650,000 mobile phone deals

Our customers

We help our customers to save money on all of their household bills by providing a free, easy to use online service so they can compare a wide range of products in one place and find the product most suited to their needs. Our size means we are able to offer our customers exclusive, market-leading deals, including some they can't even get direct from providers.

Our providers

By having considerable volumes of informed customers actively looking for products and ready to purchase, we offer our providers an efficient and cost effective customer acquisition solution across all of our channels. This enables our providers to target their marketing spend in an effective and completely measurable way.

Our revenue comes predominantly from fees paid to us by product providers when a customer clicks through to their website and actually applies for or purchases a product. It is a success based marketing fee.

Our customer commitment

  • We make it easy to find the brands you expect to see
  • We strive to ensure a product cannot be found cheaper by going direct
  • We let you remain in control of your personal data
  • We are independent and impartial
  • We make it easy to switch and save
  • We strive to always show the most competitive product available

For further information, please contact: 

Paul Lawler
MoneySupermarket
+44(0)1244-370-317
[email protected]


More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Analytics is the foundation of smart data and now, with the ability to run Hadoop directly on smart storage systems like Cloudian HyperStore, enterprises will gain huge business advantages in terms of scalability, efficiency and cost savings as they move closer to realizing the potential of the Internet of Things. In his session at 16th Cloud Expo, Paul Turner, technology evangelist and CMO at Cloudian, Inc., will discuss the revolutionary notion that the storage world is transitioning from mere Big Data to smart data. He will argue that today’s hybrid cloud storage solutions, with commodity...
Every innovation or invention was originally a daydream. You like to imagine a “what-if” scenario. And with all the attention being paid to the so-called Internet of Things (IoT) you don’t have to stretch the imagination too much to see how this may impact commercial and homeowners insurance. We’re beyond the point of accepting this as a leap of faith. The groundwork is laid. Now it’s just a matter of time. We can thank the inventors of smart thermostats for developing a practical business application that everyone can relate to. Gone are the salad days of smart home apps, the early chalkb...
Cloud data governance was previously an avoided function when cloud deployments were relatively small. With the rapid adoption in public cloud – both rogue and sanctioned, it’s not uncommon to find regulated data dumped into public cloud and unprotected. This is why enterprises and cloud providers alike need to embrace a cloud data governance function and map policies, processes and technology controls accordingly. In her session at 15th Cloud Expo, Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems, will focus on how to set up a cloud data governance program and s...
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been involved at the beginning of four IT industries: EDA, Open Systems, Computer Security and now SOA.
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, representing a model of how to analyze rea...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.
CommVault has announced that top industry technology visionaries have joined its leadership team. The addition of leaders from companies such as Oracle, SAP, Microsoft, Cisco, PwC and EMC signals the continuation of CommVault Next, the company's business transformation for sales, go-to-market strategies, pricing and packaging and technology innovation. The company also announced that it had realigned its structure to create business units to more directly match how customers evaluate, deploy, operate, and purchase technology.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
Even as cloud and managed services grow increasingly central to business strategy and performance, challenges remain. The biggest sticking point for companies seeking to capitalize on the cloud is data security. Keeping data safe is an issue in any computing environment, and it has been a focus since the earliest days of the cloud revolution. Understandably so: a lot can go wrong when you allow valuable information to live outside the firewall. Recent revelations about government snooping, along with a steady stream of well-publicized data breaches, only add to the uncertainty
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
PubNub on Monday has announced that it is partnering with IBM to bring its sophisticated real-time data streaming and messaging capabilities to Bluemix, IBM’s cloud development platform. “Today’s app and connected devices require an always-on connection, but building a secure, scalable solution from the ground up is time consuming, resource intensive, and error-prone,” said Todd Greene, CEO of PubNub. “PubNub enables web, mobile and IoT developers building apps on IBM Bluemix to quickly add scalable realtime functionality with minimal effort and cost.”