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Not switched energy suppliers in the last 6 years? You've overpaid by ?1500

Failing to switch cost households millions

Failing to switch energy suppliers may have cost millions of UK households more than £1,500 each over the past six years. Ofgem figures show that more than a third (35%) of UK households - or nine million - did not change gas or electricity provider between 2012 and 2017. UK Households save on average £300 a year by switching energy supplier - equivalent to more than a month's worth of food shopping. Despite the possibility of a considerable saving, one third of people (33%) say they do not see the point of switching because they believe all suppliers are the same, a YouGov poll for the Big Energy Saving Week campaign found.

The YouGov survey also found that 65% of people would read reviews when planning to spend £1,000 on a purchase, but just 16% read any reviews about their new energy supplier or tariff when they last switched. The research is part of the Big Energy Saving Week, led by campaigners to help customers to cut energy bills and raise awareness of the financial support UK households are entitled to.

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