Switching To a Better Deal - The Best Tool Against Overcharging Energy Suppliers

Between 1 January 2020 and 30 June 2020, people who switched energy supplier for both gas & electricity with Uswitch saved an average of £387.

Dermot Nolan, the chief executive of Ofgem, today told the BBC that the best tool available to energy customers in the fight against rising energy costs is to switch to a better deal.

This advice was given in response to the news that energy firms are overcharging customers in many cases as energy prices are failing to fall in line with dropping wholesale costs. Within the past eighteen months, wholesale energy prices have fallen by about a third however these savings have not been forwarded on to domestic energy customers.

At the end of 2015 wholesale gas and electricity prices hit a five-year low, so pressure is mounting on the big six energy suppliers to cut their prices in line with the drop in wholesale prices.

If you’d like to take Mr Nolan’s advice and look to switch your home energy for a better deal, get in touch with us at UKPower.co.uk and see how we could help you save on your energy bills.

Read the full story here on the BBC

'Electricity Pylons at Sunset' image by Nayu Kim  

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