Imagine that you could pay less for your energy. Imagine that
you could negotiate your energy prices directly with the energy
companies and pay a cost far below any published tariff. Well,
maybe that option will be available sooner than you anticipate.
Online campaigning group 38 Degrees and consumer group Which?
have today launched a campaign called 'The Big Switch'.
The concept is based on the power of collective purchasing and
economy of scale. The more people interested, the greater the
possibility of a better price.
Through bulk purchasing of gas and electricity it is projected
that thousands of households will be able to benefit from much
cheaper energy bills.
A first in the UK, the campaign invites consumers to register
their interest on the Big Switch website up
until the end of March. Which? will then subsequently invite the UK
energy companies to outbid each other with low prices in a 'reverse
auction'. Once the deal has been secured, each consumer who has
registered their interest will be emailed with the details of the
deal and offered the opportunity to switch at the confirmed
price.
The campaign is aimed at challenging the big six over their high
energy prices with the incentive to gain many more customers if
they win the auction. For the consumer it offers the opportunity to
pay the cheapest possible price for their energy.
According to energy regulator Ofgem 6 out of 10 people have
never switched energy supplier and Which? reports that a staggering
£4.1 billion a year is gained by the energy companies due to
consumers not being on the best possible tariff and naively paying
more for their energy than they need to.
The campaign has political support from Energy secretary Edward
Davey and the shadow energy and climate secretary, Caroline
Flint
To register your interest Click Here. The switching process will
be handled by Which? and there is no obligation to switch once you
have registered your interest.