Why compare electricity providers? Because you can save up to 40%!
- Author Shea Karssing
- Published February 8, 2018
- Word count 353
Failing to compare electricity providers has come at a cost of £1,500 over six years for millions of UK households, a recent survey has revealed. The difference between the average standard variable tariff and the cheapest deal on the market is significant, but millions of businesses and households are not switching providers to access these savings.
Although households could save up to £300 per year if they switch suppliers, figures from the Office of Gas and Electricity Markets (Ofgem) show that over a third (35%) UK households did not change their gas or electricity provider between 2012 and 2017.
The YouGov* survey found that:
A third of UK household (33%) say they do not compare electricity providers because they believe all suppliers are the same and don’t see the point in switching.
65% people would read reviews when planning to spend £1,000, but only 16% read reviews about their new energy supplier or tariff when they last switched.
Business benefits: it pays to switch
The potential savings for businesses are also significant when they compare electricity providers and change suppliers. A growing competitive market presents businesses with the potential for simple savings, and shopping the market and comparing electricity prices can yield up to a 40% saving.
Tips for businesses and households to cut energy bills:
-
Staying with the same energy supplier means that you may be paying hundreds of pounds more a year for the same gas and electricity.
-
Check your energy tariff regularly and switch to a cheaper deal is one of the quickest and easiest ways to cut your bills.
-
Install a smart meter
-
Use an independent consultant to negotiate, procure, and compare quotes on your behalf.
So, what stops people from comparing electricity providers and switching? It’s time and effort. Although the savings are attractive, securing cheaper energy contracts for your business can be frustrating and time-consuming. At Smarter Business, we know that time is one of the most valuable resources for SMEs. As an independent consultancy, we leverage our long-standing relationships with reputable suppliers to ensure contract terms that save you money and are best-suited to your needs.
*YouGov surveyed 2,091 UK adults online on December 14-15.
Contact Smarter Business today to find out how we can help your business compare electricity providers and discover potential savings. http://smarterbusiness.co.uk/contact-us/
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Discovering Lighting Stores in Brampton: Spotlight on Fehmilights
- Festive Decor with a Global Twist
- Mixer of Styles, The Boho Mid Century Farmhouse
- Your Go-To Lighting Store in Brampton
- Illuminating Your Spaces: The Role of Lighting Specialists in Brampton, Mississauga, and Caledon
- Vintage Furniture Trends: Armoires, Rustic Mid-Century, Farmhouse Styles
- Rustic Lodge Décor with Heritage Antique Doors and Furniture with a Soul
- Handcrafted Antique Wood Doors for Cottages: Vintage Charm and Elegance
- Illuminating Your Space: Discovering Lighting Stores in Brampton, Caledon, and Mississauga
- Rustic Carved Doors for Offices: Adding Charm and Character to Your Workspace
- Elevate Your Farmhouse Design with Antique Wood Doors
- Comparing Quick Dry Carpet & Upholstery Cleaning Methods with Conventional Hot Water Extraction
- Removing and Preventing Black Mold on Windows
- Can I Spray Wicker Furniture? A Comprehensive Guide to Painting and Revitalizing Your Wicker Pieces
- Where to Buy the Perfect Office Chair: Your Ultimate Guide to Comfort, Style, and Productivity
- Top Cleaning Tips for Toronto Residents: How to Keep Your Space Spotless
- How to Paint a Vanity Cabinet: A Step-by-Step Guide to Transform Your Bathroom
- What is a Writing Desk? Exploring its Purpose, Design, and Benefits for Your Home
- Vintage Bohemian Charm: Creating a Home Office Retreat
- Embrace the Maximalist Decor : Unleash Your Boldest Dreams
- DeepClean NL Ltd. Expands HVAC Cleaning Services in Conception Bay South, NL
- Smart Water Meters: A Game-Changer for Modern Plumbing
- Emergency Heating and Air Conditioning Repair Services: When to Call and What to Expect
- The Value of Professional Cleaning Services: A Smart Investment for Your Home and Business
- Maximizing HVAC Lifespan: The Crucial Role of Expert Technicians
- Fall rustic farmhouse décor with vintage doors and earthy woods
- The Premier Lighting Stores in Brampton, Caledon, and Mississauga: Illuminate Your Space with Style and Precision
- A Brighter, Cleaner Workspace: The Importance of Commercial Cleaning in Auckland
- Antique Doors in a Spanish Modern Home
- Rustic Modern Mountain Cabins Decor