Switching the Way to Pay: How Britain Is Slowing Down Energy Swaps
Why the Numbers Are Losing Their Spark
For the first time in six years, a recent study shows a drop in UK households changing energy suppliers to chase cheaper tariffs. In 2020, fewer people—specifically 436,000 fewer consumers—used comparison sites like Free Price Compare to snag lower bills. From March to December, switching rates fell sharply compared to 2019.
It’s a bit of a head‑scratcher. With the COVID‑19 uncertainty, you’d expect families to tighten their belts, cutting costs where they could. Yet the numbers say otherwise: households seemed wary of making a move even when savings were eye‑popping.
The Hidden Savings Stash
More than half of UK customers are still on an unnecessarily pricey variable tariff—a trend that’s been stubborn for the last five years. Picture the collective savings if everyone jumped to • Fixed rates: £2.6 billion could be reclaimed and pumped back into local communities at a time when they’re needed most.
- South East: Potential savings of over £345 million
- Scotland: Roughly £85 million
In each region, the average annual bill for a fixed tariff is noticeably lower than the variable option—details can be found with a quick scan of the UK energy market statistics.
From the Desk of Free Price Compare
Director Shailesh Ramani says the switch is “quick and hassle‑free” and could save an average home about £318 if they move from a standard variable tariff. He’s baffled at how many people still hesitate to change suppliers.
He warns that the price cap rise for default tariff customers coming into effect in early April means it’s time to move from a variable to a fixed rate before pets manuals pop higher rates. He highlights the dual‑fuel tariffs offered by E.ON as some of the best deals out there, encouraging homeowners to spend five minutes exploring what they might be missing.
How to Take Charge of Your Energy Bills
Feeling the urge to switch? Take a five‑minute look into potential savings and see whether you could be part of the £2.6 billion rescue plan—no obligations required. Just type “Free Price Compare” into your browser and compare providers. If you’re ready to make a change, the next step is to pick a fixed tariff that fits your home and budget.
Get the Latest Updates Right Where You’re At
Keep an eye out for real‑time updates—it’ll help you stay ahead of rising costs and make sure you’re on the most advantageous rate available. Don’t wait, get that switch over and start saving!
