Despite the mild weather, 85% of consumers are still concerned about their winter energy bill according to new research from uSwitch.com
The impact of the 21% hike in energy prices from the end of 2010 has seen the number of people cutting down or rationing their energy use soar to 83% this winter while 5.3 million more households have gone cold to keep their winter energy costs down.
The research also found:
- 72% have been cold at home this winter, although 53% say that it would have been worse without the mild weather
- The main reason people have gone without heating this winter is the high cost of energy (71%) rather than the mild weather (24%)
- 57% of people have already made their home energy efficient and yet still Britain goes cold
Source: uSwitch press release 3 February 2012
Consumer campaigner Which? has launched a new initiative to get cheaper gas and electricity bills for households looking to save money on energy.
They’re hoping that should enough people sign up, their collective bargaining power should be able to demand cheaper prices from energy companies.
To date, 35,000 people have signed up.
Read more at which.co.uk/switch
The government needs to work ‘harder and faster’ to bring down energy bills, the prime minister said ahead of a recent summit on gas and electricity prices.
The energy secretary had invited the six biggest power firms to meet consumer groups and the regulator Ofgem.
Mr Cameron had said they wanted to work out how to create a ‘trusted, simple and transparent’ market.
Gas and electricity providers are to be forced to introduce simple tariffs, clearer bills and annual statements under radical reforms proposed by Ofgem.
The aim of the proposals is to enable all consumers to compare prices easily and allow those seeking more innovative tariffs to be free to choose them.
Consumers wanting a no frills tariff will get a simple unit price and a fixed standing charge which will be set by Ofgem.
The announcement comes at the same time that the regulator revealed profit margins at energy firms had risen to £125 per customer per year, up from £15 in June.
Read the full article at moneyfacts.co.uk