:: Free article content
Authors: Maximum article exposure. Publishers: Reprintable article content.
Featured Articles
Recently Added Articles
Most Viewed Articles
Article Comments
Advanced Article Search
Submit Article
Check Article Status
Author TOS
RSS Article Feeds
Terms of Service

Why compare electricity providers? Because you can save up to 40%!
Home Home Home Improvement
By: Shea Karssing Email Article
Word Count: 398 Digg it | it | Google it | StumbleUpon it


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 donít 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:

1. Staying with the same energy supplier means that you may be paying hundreds of pounds more a year for the same gas and electricity.
2. Check your energy tariff regularly and switch to a cheaper deal is one of the quickest and easiest ways to cut your bills.
3. Install a smart meter
4. Use an independent consultant to negotiate, procure, and compare quotes on your behalf.

So, what stops people from comparing electricity providers and switching? Itís 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.

Article Source:

This article has been viewed 274 times.

Rate Article
Rating: 0 / 5 stars - 0 vote(s).

Article Comments
There are no comments for this article.

Leave A Reply
 Your Name
 Your Email Address [will not be published]
 Your Website [optional]
 What is two + two? [tell us you're human]
Notify me of followup comments via email

Related Articles

Copyright © 2020 by All rights reserved.

Terms of Service | Privacy Policy | Contact Us | Submit Article | Editorial