You are here: Home - Household Bills - News -

Regulator launches campaign to get Brits ‘shopping around’ for energy

Written by:
Energy regulator Ofgem has launched a new website aimed at helping consumers "shop around" for a better deal on their energy bills.

The website – – helps people “cut through the confusion” of comparing energy tariffs and provides consumers with the “know-how to check existing energy deals so they can get a better tariff”.

Research by the regulator found that an estimated 21 million Britons do not shop around for their energy provider, despite the potential to save hundreds.

One in four bill payers felt that shopping around for energy would be too much of a hassle, while almost half (45 per cent) said they do not think they would save much money – a misconception, according to Ofgem’s research – as Londoners save an average of £50 a month, Welsh residents save £44, and those in the North East save £43.

The campaign follows a raft of recent reforms from the regulator aimed at simplifying tariffs and improving competition in the energy market.

Dermot Nolan, chief executive at Ofgem, said: “We shop around and compare prices for many things in life, yet we often don’t think to do the same when it comes to our energy bills. Previously people found it difficult to compare tariffs, but the recent reforms have changed things for the better.”

Mark Todd, director of independent comparison site, welcomed the campaign.

He said: “On average a UK home switches energy providers once every eight years, far too infrequently to make the market work properly.

“I urge everyone to actively choose their deal rather than settle for what they have always had or the supplier that the last occupants of your property chose.”

Edward Davey, Secretary of State for Energy, added: “Having made the switch myself, I would encourage anyone who hasn’t already done so to check whether their current supplier is giving them the best deal – and if it isn’t, switch.”

Tag Box

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.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Cable threatens action on ‘excessive’ FTSE 100 pay

Vince Cable has attacked the salaries paid to the executives at the top of FTSE 100 companies and warned the...