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]


SOURCE MoneySupermarket.com

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
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
SYS-CON Events announced today that A&I Solutions has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 1999, A&I Solutions is a leading information technology (IT) software and services provider focusing on best-in-class enterprise solutions. By partnering with industry leaders in technology, A&I assures customers high performance levels across all IT environments including: mai...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software in the hope of capturing value in IoT. Although IoT is relatively new in the market, it has already gone through many promotional terms such as IoE, IoX, SDX, Edge/Fog, Mist Compute, etc. Ultimately, irrespective of the name, it is about deriving value from independent software assets participating in an ecosystem as one comprehensive solution.
SYS-CON Events announced today that EARP will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "We are a software house, so we perfectly understand challenges that other software houses face in their projects. We can augment a team, that will work with the same standards and processes as our partners' internal teams. Our teams will deliver the same quality within the required time and budget just as our partn...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that Tappest will exhibit MooseFS at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. MooseFS is a breakthrough concept in the storage industry. It allows you to secure stored data with either duplication or erasure coding using any server. The newest – 4.0 version of the software enables users to maintain the redundancy level with even 50% less hard drive space required. The software func...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
SYS-CON Events announced today that Outscale will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outscale's technology makes an automated and adaptable Cloud available to businesses, supporting them in the most complex IT projects while controlling their operational aspects. You boost your IT infrastructure's reactivity, with request responses that only take a few seconds.
SYS-CON Events announced today that Systena America will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Systena Group has been in business for various software development and verification in Japan, US, ASEAN, and China by utilizing the knowledge we gained from all types of device development for various industries including smartphones (Android/iOS), wireless communication, security technology and IoT serv...
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.