The voice of the energy industry

Energy UK's statement on prices and tariffs

Following a Which? press release claiming ‘Big Six’ customers miss out on £400 savings, Energy UK issued a statement. 

Lawrence Slade, chief executive of Energy UK, said:

"Energy companies are bringing down their prices with cheaper tariffs launched almost every week. Since 2014 the cheapest tariffs have fallen by around £200. There are now over 50 deals under £1,000 being offered by 34 suppliers big and small operating in the market.
 
"Fixed deals frequently offer better prices than standard deals as they take advantage of short term changes in costs. They also provide more certainty for suppliers as they are offered to a set number of people for a fixed period of time. This is not the case with the fluctuating numbers of customers on standard variable tariffs. Fixed deals are available to all customers, new and existing.
 
“Suppliers are also making it quicker and easier for customers to find the right tariff for them. People should take advantage of this and shop around. Almost 4 million customers switched supplier in 2015 and, currently, around 250,000 customers are signing up to new electricity deals every month.”

 

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