All of the Big Six energy giants have announced eye-watering price hikes in recent months, pushing the average family’s annual energy bills to a whopping £1,151.
If you have rolled onto an out-of-contract deal with your supplier, known as a standard variable rate tariff, you will already be paying over the odds for your gas and electricity – and price hikes mean your bills will inflate even further.
But there are ways to beat the Big Six and force them to offer you a better deal and now is the time to take action to ensure your bills don’t skyrocket.
The easiest way to do this is to join This is Money’s no-obligation Energy Switch Club which goes straight to the suppliers themselves, and uses people power to demand a better price.
Energy bill savings: Our Energy Switch Club earlier this year saved switchers £255 on average
Our last collective energy auction, earlier this year, saw over 73,000 sign-up.
This helped us secure an exclusive gas and electricity deal for our readers that saved switchers an average £255 or more on their annual bills.
The more people who sign up, the better our negotiating power so skip straight to the registration page and find out how many people have already joined this summer’s collective campaign and sign up yourself.
It’s free and there is no obligation to switch at the end of it.
Big Six hikes: How much will your bills jump?
- E.on – bills increased on 19 April by 4.2 per cent, adding an average £50 a year.
- British Gas – increase hit from 29 May. Prices rose by 5.5 per cent adding an average £60 a year.
- Scottish Power – Hike on 1 June. Bills to go up by 5.5 per cent adding an average £63 a year.
- EDF – Prices to jump on 7 June by 2.7 per cent, adding up to £28 a year if you pay by cash or cheque.
- Npower – Price increases scheduled for 17 June. Bills to increase by 5.3 per cent or £64 a year.
- SSE – Prices to increase by 6.7 per cent loading £76 to average annual bills from July.
How does collective energy switching work?
Once registration closes on 19 June, This is Money’s carefully selected partner energyhelpline will go straight to energy suppliers to ask them to bid for the collective business of those who have signed up to the switch.
By banding together we turn the comparison process on its head – providers are forced to compete for your business.
This pushes the price down and saves customers the legwork of shopping around for the cheapest deal.
All you need to do is register with an email address and a few basic details and we deliver a unique tariff straight to your email inbox on 20 June.
It’s simple – if you want the deal you can accept it and if not there is no obligation to take it. You have a month to decide.
As well as the collective switching tariff you will be shown all the other supplier tariffs available to you, including green tariffs, to enable you to find the best energy deal for you.
You can read more about how to switch suppliers, and where to find the cheapest deals in This is Money’s regularly updated energy guide.
Or use your postcode in our energy bills tool (right) to see how much you could save by switching to the cheapest deals on the market yourself.
Will This is Money make money from this?
This is Money will earn a small commission from the provider against all those who choose to switch. This money goes towards funding our award-winning journalism.
Those using the collective switch to find a cheaper energy deal will save many times more than this. There is no obligation to go through with the switch if you do not like the deal offered.
This is Money abides by strict rules when writing about deals and only recommends those we believe are the best and will benefit our readers.