Clwyd West AM Darren Millar is urging households in Conwy and Denbighshire to consider switching energy supplier after new figures published today reveal that 68% of households could be missing out on energy savings of £327 a year.
The research published by energy regulator Ofgem shows that the majority of the cheapest tariffs were fixed with some deals at around £792 per year, compared to £1,119[1] for the average standard variable tariff with one of the larger suppliers.
It also shows that across the country around 68% of consumers are still on expensive standard tariffs. This trend would translate in Wales into around 886,000 households on standard tariffs.
Darren said:
“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 up to £327 a year just by switching from a standard tariff to a fixed deal.”
Ofgem CEO Dermot Nolan said: “Ofgem’s research shows that many customers in Wales now could be better off to the tune of around £327 by moving from a variable rate to a fixed rate deal.
“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.”
Visit www.goenergyshopping.co.uk for an easy guide on how to shop around for a better energy deal.
[1] Average annual energy bill for a customer on a standard variable tariff with one of the larger suppliers, paying by Direct Debit