Who’s affected this month?
We’ve drawn out the energy tariffs that will be ending in February 2019, so if yours is one of the 29 on the list, you might want to take the opportunity to find a new deal that could save you money.
While we know that some of you can be put off switching energy providers, many of you have already discovered that it can be worth it and have benefited from some amazing energy deals.
So what kind of savings can be made with these switches? Some of the figures might surprise you. Customers who switched with us in January 2019 to our Northumbria Energy NE Smart 2.1 Paperless Billing tariff made an average saving of £183. While not everyone might be able to find such a saving, you’ve nothing to lose by having a look.
The Big Six
Over the past year, we’ve seen people tending to leave the Big Six in large numbers. That trend slowed a little in January, with 22% of you switching from one of the Big 6 providers compared to 35% in the previous month. While some of you did decide to move over to one of the Big Six, it was a relatively small number at 17%.
It’s worth noting that all five of our most popular tariffs in January were from the Big Six, who offered some strong, limited-time deals. In contrast, though, all of our highest saving tariffs came from the smaller suppliers.
One of the biggest worries for customers is whether small suppliers are as reliable as the Big Six. Or whether they’ll be protected if a provider goes bust, but Ofgem has introduced safety measures to protect customers.
Great deals can be found everywhere, so it’s always a good idea to compare all types of suppliers to find one that meets your needs.
Who has the most to gain?
Last month, those of you in the 40-49 age bracket saved the most money by switching suppliers, with an average saving of £77.46. Coming in a relatively close second were customers aged 50-64, saving an average of £75.28. With the lowest saving working out at £54.18 for those aged 80+, there are savings to be made whatever your age.
And no matter where you live, regional savings start from an average of £68.06, so it really could pay to compare.