Energy supplier E.ON has committed to Which?’s Big Switch- an auction that aims to find cheaper energy tariffs through negotiating deals on behalf of the consumer. The news comes as the Deputy Prime Minister announced a deal with the Big Six which could also see energy bills reduced through changing tariff.
So far 300,000 people have signed up to the auction. Once Which? knows how many people are interested in switching, it will hold a ‘reverse auction’ where energy companies are invited to put forward their lowest price per kilowatt of electricity and cubic meter of gas.
Jeremy Davies, E.ON UK’s Marketing Director said: “Should it be selected by Which? at the end of their process, our ‘Big Switch’ tariff will then be made available to any of our customers regardless of whether they had signed-up to the Big Switch or not. In addition to this we have made clear we will not engage in so-called ‘deep discounting’ in order to win new customers.”
Which? says it can’t guarantee savings through The Big Switch but are urging people to get involved as they claim consumers lose out on around £4.1 billion a year by not switching to the cheapest energy deal.
A Which? spokesperson said: “If E.ON submits a winning auction bid, we are very happy for it to match that price for existing customers, as our aim from the start has been to secure a cheaper energy deal for as many people as possible.”