MACDONALD RECOMMENDS SHOPPING FOR ENERGY SAVINGS

68 per cent of households in Scotland could be missing out on energy savings of £307 a year

go energy shopping

  • ~Consumers in Scotland who move from a standard tariff to a fixed tariff can save around £307
  • ~Around 1.6 million[1] households in Scotland are likely to still be on standard tariffs and could be better off moving to a fixed deal

Research published today by energy regulator Ofgem shows that up to 68 per cent of households in Scotland that take both gas and electricity could save around £307 on their energy bill by moving from
a standard tariff to a fixed deal.

Ofgem’s research also found that the majority of the cheapest tariffs were fixed with some deals at around £765 per year, compared to£1,072[2] for the average variable tariff with one of the larger suppliers. Research both by Ofgem and the CMA shows that across the country around 68 per cent of consumers are still on expensive standard tariffs. This trend would translate in Scotland into around 1.6 millionhouseholds on standard tariffs.

Ofgem CEO Dermot Nolan said:

“Ofgem’s research shows that many customers in Scotland now could be better off to the tune of around £307 by moving from a variable rate to a fixed rate deal. Switching now could take some of the pain out of this winter’s energy bills.

“Nearly half of all consumers switching are now moving to independent suppliers and not only are consumers benefiting from greater choice of supplier, but Ofgem has strengthened consumer protection for those choosing fixed tariffs. So there has never been a better time to go energy shopping and our Be An Energy Shopper website gives you independent advice on how to get a better energy deal and links to Ofgem-accredited switching sites.”

Angus MacDonald MSP said:

“With winter upon us, it’s never been a better time to shop for energy. I would encourage all my constituents to go energy shopping this winter.

“It’s now easier than ever to find the best deal and you could save around £307 a year just by switching from a standard tariff to a fixed deal. With Christmas just around the corner, energy shopping can actually save you money to spend on presents so make sure you add it to your Christmas shopping list.”

 


[1] Based on data regarding household sizes in 2011 census

[2] Average annual energy bill for a customer on a standard variable tariff with one of the larger suppliers, paying by Direct Debit

Copyright © Angus MacDonald MSP 2017

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