Price comparision


Energy companies are having to pay more and more for the gas they sell on to us, because trade gas prices are rising.

 It's only a matter of time before they pass these rising costs on to us, and our energy bills get more expensive, and this has already started with npower increasing their prices recently, as seen here.
For most households, electricity is cheapest on a fixed rate deal. If you're on a fixed tariff, find out when it's due to end and make sure you move to another fixed deal. This way, you'll continue to get cheaper electricity than if you were to move onto your existing supplier's standard variable rate.
Now is the perfect time to switch to a better deal, so you don't get caught out. Some households could save as much as £568 a year*, just by switching to a better energy deal.
Savings of this magnitude are available straight away to customers who switch to one of the cheaper fixed rate tariffs on the market.
The CMA says seven out of 10 households remain on standard variable tariffs (SVTs) supplied by British Gas, EDF, Eon, Npower, Scottish Power or SSE - the so-called 'Big Six' suppliers.
It wants to see much more competition between the Big Six and the rising band of independent suppliers who are entering the market. It believes this would reduce the £1.7 billion a year customers are overpaying for energy because competition isn't fierce enough.
Switch and save
The CMA says switching tariff is a well-established way to secure big savings: "There are already plenty of competitive deals out there. What we need to do is persuade customers to take them up."
The watchdog believes price comparison websites, such as MoneySuperMarket, have a vital role to play in boosting competition. It says they should be able to negotiate exclusive deals with suppliers and contact customers with special offers.
The CMA also wants a broader spread of offers on the market to increase choice and flexibility.
Its provisional decision on remedies for the energy market are open for response, with a further report due in the summer.
Stephen Murray, MoneySuperMarket's energy expert, said: "While we wait for the measures to be determined and implemented, it is worth restating that savings running into hundreds of pounds a year are available NOW to those who switch from a standard rate to a competitive fixed rate tariff."
Comparing energy prices lets you find the gas and electricity tariffs that could save you big money off your bills. Customers could save up to £568* by changing their provider.
Running a price comparison, on a site such as MoneySuperMarket, is quick and easy. And you won't get a cheaper price by going direct to the provider.
Here's what you need to do to switch:
  1. Visit our energy channel and enter your details, including your postcode and current supplier.
  1. Select a tariff from the results table.
  1. Enter a few confirmation details, such as your direct debit and contact information.
  1. Click to start the switching process.
  1. You will then be set up with your new provider within 21 days. 
*10% of customers could save up to £568. MoneySuperMarket Data average usage figures, 2016

Comments

Post a Comment

Popular posts from this blog

Gas and Electricity Markets Authority

Image
The Office of Gas and Electricity Markets (Ofgem), supporting the Gas and Electricity Markets Authority (GEMA), is the government regulator for the electricity and downstream natural gas markets in Great Britain. It was formed by the merger of the Office of Electricity Regulation (OFFER) and Office of Gas Supply (Ofgas). Powers and duties The Authority's powers and duties are largely provided for in statute (such as the Gas Act 1986, the Electricity Act 1989, the Utilities Act 2000, the Competition Act 1998, the Enterprise Act 2002 and the Energy Act 2004, the Energy Act 2008 and the Energy Act 2010 as well as arising from directly effective European Community legislation. Duties and functions concerning gas are set out in the Gas Act and those relating to electricity are set out in the Electricity Act. Its primary duty is to protect the interests of consumers, where possible by promoting competition. The Authority‘s main objective is to protect existing and future cons...
Keep reading

Gas/ electricity

Madison Gas and Electric Company (MGE) is the primary subsidiary of MGE Energy, Inc. (Nasdaq: MGEE). As a regulated utility, it primarily serves the Madison, Wisconsin metropolitan area with electricity, gas and green energy options. Founding The company's roots in the Madison area date back more than 150 years to its predecessor company, the Madison Gas Light and Coke Co., which was founded in 1855. The Madison Electric Light and Power Co. began delivering electric service in 1888. At the time, Madison had a population of 13,000. In 1892, the Four Lakes Light and Power Co. bought Madison Electric Light and Power Co. and operated as Madison's electricity provider for the next four years. In 1896, the Four Lakes Light and Power Company and the Madison City Gas Light and Coke Co. combined and incorporated to become Madison Gas and Electric Co. The Madison Gas and Electric Company Powerhouse was built in 1902. In 1915, it was remodeled at a cost of $150,000. The b...
Keep reading