Tenants could save £190 on energy bills by switching

Bill payers living in rented accommodation could save an average of £190 by switching energy suppliers, Ofgem reveals. The regulator has published guidance for tenants setting out their energy rights […]

By Priyanka Shrestha

Bill payers living in rented accommodation could save an average of £190 by switching energy suppliers, Ofgem reveals.

The regulator has published guidance for tenants setting out their energy rights as it believes many may not know the potential gains that could come from switching suppliers.

Its survey found 77% of tenants have never switched their energy suppliers even though those who directly pay for their gas and electricity use have the right to do so without incurring an exit fee.

Ofgem is advising tenants to look out for any clauses in the tenancy agreement relating to energy suppliers, informing the landlord or letting agent after switching power providers and taking meter readings when moving into a property as well as when moving out.

Philip Cullum, Ofgem’s Partner, Consumer Policy and Demand Side Insight said: “At a time when nine million British households are renting and budgets are tight, it is important that consumers are clear about where they stand when choosing and switching their energy supplier.

“Ofgem’s clear guide and top tips are intended to empower consumers when navigating the energy market and help them to find their best energy deal. It is all part of Ofgem’s work to make the market simpler, clearer and fairer for consumers.”

The guidance follows the energy regulator’s wide range of reforms to simplify the market, including standards of conduct that came into force last month to help both householders and businesses.

The trade body for the energy industry claims it is “straightforward” for everyone to switch suppliers.

Angela Knight, Chief Executive of Energy UK said: “Energy companies make it easy to switch and the process doesn’t involve any upheaval or men coming round to change meters. Shop around for the deal that suits your energy needs best – companies have simplified their tariffs so it takes just a few minutes to make a comparison.”