ENERGY SWITCHING

The energy price cap has now been lowered, and savvy customers could save even more money by switching to a better deal.

Find out how price cap changes will impact your bills this autumn

Early this month, Ofgem lowered the energy price cap for standard variable tariffs for the upcoming winter. Nonetheless, standard tariffs (sometimes referred to as default tariffs) are still far more expensive than the cheapest fixed rate tariffs on the market. Here are more reasons as to why you'd be better off switching.

Protect yourself from price rises

The benefit of a fixed rate tariff is that you are protected from any fluctuations that take place within the energy market. A default tariff is — as the name suggests — the default tariff of choice that an energy supplier will put your household on, unless you request otherwise. To put it another way, energy suppliers rely on consumers to be complacent when it comes to managing their energy bills.

Switching means savings

Shopping around for a new supplier can seem like a daunting task, but our comparison and switching tool is tailormade service which means shopping for and switching suppliers can be achieved in just a few minutes. So far this year, more than four million customers have already switched suppliers. In August this year alone, more than 560,000 customers switched suppliers, which is a 15 per cent increase compared to the same period last year.‡ On top of that, the Energy Switch Guarantee reported that 8 out of 10 surveyed customers were satisfied with the ease of the switching process.

How much could you save?

So far this year, the Mail Finance Switching Service has saved thousands of readers an average of £253 on their gas and electricity bills, with total savings of over £3 million.** 10 per cent of our customers saved as much as £452 on their annual bills.

Free, no obligation deals

Running a comparison with the Mail Energy Switching Service only takes a few minutes, and grants you access to hundreds of cheap energy deals, including exclusive deals that are not available direct with suppliers. Comparing prices of gas and electricity suppliers is quick and easy. All you need to do is go online and enter your postcode, energy supplier and the name of your tariff and let us do the hard work. Alternatively, you can phone our UK based call centre and one of our advisers would be happy to help. The service is completely free to use and there is no obligation to switch.