Residential customers urged to switch and find the best deal as wholesale energy prices fall
Experts are urging residential customers to review their current energy deals and switch to save money as wholesale prices have dropped significantly, a recent news report has been able to find.
While 4 of the Big Six energy suppliers have already cut their bills by between 5.1% and 5.4%, delivering savings of around £30 to typical users on their standard tariffs, that’s still £300 more expensive than the cheapest fixed rate tariffs, which cost well under £800 a year.
In order to get the best price on fixed deals most customers have to agree to pay monthly by direct debit. However, the switching process is quite a fast and easy one these days, taking less than a month to get onto the new supplier’s contract and better pricing.
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