A report has revealed that Londoners are significantly less likely to switch their energy tariffs
A recent study has revealed that residents living in the North of England are more likely to hunt for a better deal on their energy bills, compared to Londoners, who are 53 per cent less likely to shop around for a cheaper tariff.
According to the report, people living in the North East of England can save on average £188 when switching between suppliers. However, despite residents in London being able to save on average £248 a year, the average switch rate is by far the lowest.
Earlier this year the energy industry watchdog Ofgem made similar findings, suggesting that tenants living in rental properties are only half as likely to seek a better energy deal, meaning they could potentially pay hundreds or thousands of pounds extra during their tenancy.
Scott Byrom, energy expert at UKPower.co.uk, said: “It’s clear the number of customers in rented accommodation in London is impacting the regions ability to switch and save on their home energy bills. If you are a tenant, responsible for the energy supply to your property, and it’s in your name, there is nothing stopping you from switching to another supplier.
“An easy indicator to know whether you’re on the wrong deal is if your gas and electricity is supplied by British Gas and EDF Energy respectively.”
Tenants who have never switched will automatically default on to the more expensive ‘standard’ tariff when the occupier to the property changes.
Byrom added: “In the London area, that’s the difference of pocketing £238.05 a year. Even if you don’t pay for energy directly, ensure your landlord is on the right deal as those costs are likely to be filtering through to you in your rent”.
Now is the perfect time to switch your energy deal as competition heats up to become the cheapest energy supplier this winter. Last week we saw some of the big six energy firms drop the price of their lowest tariffs in an attempt to compete with independent suppliers who have flooded the energy market over the past year.
To find out if there is a cheaper tariff that you could switch to, check out our Cheapest Energy Suppliers page.
Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.