Clubbing together to switch energy suppliers could cut big chunks off your bills a new DECC report has found.
The study examined 27 collective switching schemes from across the country which received funding as part of DECC’s Cheaper Energy Together programme.
It found the 21,000 households who switched saved a total of £2.7 million – or an average of £131.
However, the report found only 11% of those who originally registered for the schemes actually used them to switch, though it claimed many of those who registered are still likely to have received a better deal from their existing supplier.
The study quoted a survey by collective switching scheme Cornwall Together, which found half of those taking part were offered a cheaper deal by their current suppliers.
There is also no comparison in the report between the savings made by participating households and what they could have saved switching on their own.
Energy Secretary Ed Davey said: “Looking ahead, we will continue to facilitate the development of new collective switching schemes that will further help consumers get the best deal. For example, we know that 77 more local authorities are set to run further collective switching schemes soon.”