EMBARGOED UNTIL 00:01 THURSDAY 25th OCTOBER 2018
The latest electricity figures from Energy UK, published today, show that over half a million (547,660) customers moved to a new supplier in September - the highest number of switches in a month so far in 2018.
Amanda Cumine from automatic switching service weflip commented; “It’s encouraging to see switching hit an annual high last month, but the fact remains that the majority of households are sat on expensive default tariffs and overpaying for their energy as a result.
“While September saw more than half a million households make the switch, Ofgem’s latest State of the Energy Market report found that there were more than 15 million (54%) British households on poor value default tariffs, who could be overpaying by an average of £352 each year, a collective £5.3 billion wasted*. This shows that inertia and customer confusion is still a paramount issue in the energy market that needs to be tackled.
“Tackling the issue of disengagement is particularly important in the face of the upcoming energy price cap, which could potentially act as an inertia comfort blanket for the millions of households that are overpaying the most.
“Our message to people is simple; if you’ve been with your supplier for more than a year, the chances are you could be getting a better deal, even from your own provider, and that you could be costing yourself hundreds of pounds a year.
“But we get that it’s a hassle to find and switch the better energy deals year after year, and that’s why we’ve done something about it. With weflip you sign up once and we automatically switch you to better deals, forever. It only takes a few minutes to get online and start your first switch, so if you’re tired of seeing your energy bills get bigger every year, now is the perfect time to do something about it, and then never need to worry about it again.”
Notes to editors:
*Ofgem’s State of the Energy Market report for 2018 (to be published 11 October 18) confirms that 54% out of GB’s 28m households are on poor value SVTs (typically with one of the Big Six energy providers)
For further information, please contact
Anders Nilsson, Martyn John and Louisa Marsden on firstname.lastname@example.org
Gordon, Jason or Liz at MAW Communications on 01603 505 845
weflip is a smart savings service that helps people save money by automatically switching them to better energy deals.
weflip is a completely free, automatic savings service that guarantees cheap energy forever. After customers sign up, weflip simply flips households onto cheap energy tariffs automatically, doing all the hard work on their behalf, so they never have to worry about overspending on energy ever again.
weflip is part of GoCompare Group plc, which operates GoCompare, one of the UK’s largest and most trusted comparison sites and has been saving customers money on a range of financial and non-financial products since 2006.
weflip’s energy service is powered by Energylinx, which is also a GoCompare Group plc company, and one of the UK’s most established and respected energy comparison services.
weflip takes customer privacy seriously and does not sell customer data.