You are here: Home - Household Bills - News -

Minnows beat the Big Six (again) in latest energy survey

0
Written by:
17/01/2018
It was a familiar picture in this year’s Which? annual energy company survey, with the largest providers scoring badly, and smaller groups winning on customer satisfaction.

Utility Warehouse was this year’s top-scoring energy supplier, according to the survey of nearly 9,000 customers, while all the Big Six energy firms were in the bottom third of the tables. Just a third of their customers (32%) said they are very satisfied, compared with 52% of medium energy companies’ customers and 45% of small suppliers’ customers.

Flow Energy, Octopus Energy and PFP Energy also scored well. Which? said the best companies tended to score highly with customers on value for money and accuracy and clarity of bills. Price remains the most important motivation for switching.

Which? highlighted Utility Warehouse’s unique business model, whereby some customers are recruited as agents or partners and incentivised to sign up others. Even excluding these ‘agents’ the group gets one of the highest scores. Eleven companies achieved customer scores of 70% or higher.

Npower was bottom of the table, with Spark Energy and Extra Energy next. Although Npower consistently sits at the bottom of the table, it is bottom by a smaller margin this year. Spark Energy in particular saw a marked deterioration, holding the joint-largest percentage of very dissatisfied customers (5%) with Npower. It dropped from 12th place last year.

Of the Big Six, EDF Energy and EON were rated highest, scoring average markets. Scottish Power and British Gas are in the bottom five with Npower. All raised the prices of their standard variable tariffs over the last year.

The survey comes at a time when energy providers are under increasing scrutiny. Energy regulator, Ofgem, recently found that the large energy companies are overcharging 13 million customers by as much as £360 a year by letting them languish on high Standard Variable Tariffs (SVTs). Which? said those on expensive SVTs could save £333 a year by moving to the cheapest deal, which tend to be concentrated in the smaller firms.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

Low-income pensioner? You could gain £3k top-up

Hundreds of thousands of retirees struggling with a low income are missing out on Pension Credit worth £3,300...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week