East Lothian MP joins The Big Switch to cut energy bills

March 19, 2012  |   Posted by :   |   Featured,News   |   0 Comment»

Fiona O’Donnell MP is backing ‘The Big Switch’ campaign for consumers to get a cheaper deal on their energy bills.

Fiona said:

“Soaring energy bills are driving up inflation and contributing to the cost of living crisis afflicting households in East Lothian. Labour believes that community action, including collective purchasing, is essential to reforming our energy market.  That is why I am pleased to support the Big Switch campaign.”

 

The Big Switch, launched last month by consumer champion Which? and 38 Degrees, is a new way for people to buy their energy. This will be the first time in theUKthat a very large number of people will join together as a group to negotiate a deal with energy companies.

Ms O’Donnell, who joined the campaign today, is urging constituents to join the more than 200,000-strong group who have already signed up to The Big Switch, and to use their collective power to try to cut their energy bills and help shake up the market.

Which? has invited all energy companies to take part and will be negotiating with them to secure the cheapest deal. Energy companies will be asked to submit a market leading deal and take part in a reverse auction. If a deal is secured, Which? will contact everyone who signed up with a personalised savings estimate. Which? will handle the switching process, making it as quick and easy as possible.

Notes to editors
1. Key facts: 

>          According to Ofgem, 60% of consumers have never switched energy supplier; 

>          75% of people are currently on their supplier’s ‘default’ standard tariff; and

>          Which? research has shown that consumers are missing out on £4 billion a year by not switching. 
2. Currently 211,860 people have now joined [as at 18:00hrs on Monday 12th March]. This consists of 188,162 online signups plus 23,698 postal signups.

 

 

3. What is The Big Switch? Using the combined switching power of thousands of consumers, we’ll negotiate with energy suppliers and seek to secure a market leading deal.

 

5. How will The Big Switch work? After initially registering, we’ll be asking people to supply more details about their current tariffs so that we can negotiate the best deal. Which? has invited all the energy companies to take part. They will be asked to submit a market leading deal and take part in a reverse auction.  Once we’ve negotiated a new deal with the winning energy company, we’ll get in touch to let people know how much they could save.   Which? will handle the switching process, making it as quick and easy as possible.

 

6. How do you sign up? Visit: https://www.whichbigswitch.co.uk/ It just takes a couple of minutes– only your name, address and email address are required at this stage.

 

7. More information on The Big Switch is available here: http://www.which.co.uk/energy/saving-money/guides/the-big-switch-explained/

 

-Ends-

 

 

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