A few months after it was first announced, consumer campaigner Which? has unveiled which energy supplier has come out on top in its Big Switch auction. The Big Switch is their attempt at introducing collective energy switching to UK homeowners so that they can find the best possible energy tariff for their property.
A total of five suppliers entered the bidding process, Co-operative Energy, EDF Energy, E.ON, First Utility, and Scottish Power. Co-Operative Energy won through after putting forward a brand new fixed rate tariff which will be offered to 30,000 people who signed up to the scheme on a first-come first-served basis, as well as, 25,000 of their existing customers.
This is despite 285,000 people signing up to the Big Switch which means that many property owners will be left disappointed if demand for the tariff proves to be high. Which? will confirm how many people have opted to sign up by the end of the summer.
Though it still isn’t the cheapest tariff available, news of Co-Operative Energy’s tariff may hopefully spark something of a price war between both suppliers who took part and the wider market. This can only be good for those struggling to pay for their energy bills.
It also cannot be underestimated how important it is to have double glazing installed at your home if you want to keep the cost of household fuel affordable. Single glazed windows are a common cause of heat loss, whereas replacing them with double glazed windows will make a huge difference to the price of energy bills and level of insulation offered.
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