Energy consumers are seeing a real benefit from switching suppliers when their renewal is up. A recent report has shown that consumers in the UK and USA are showing huge increases in savings when they switch from their current suppliers to new more competitive tariffs.
With the age of the ‘switching’ sites, consumers are better placed to understand how much their energy bills will cost.
Recently consumers have seen that an average of £188 has been saved when they use switching websites in both the UK and USA.
In order to ensure energy consumption savings, consumers have to start to track their energy usage vs the price they are paying for that energy. This is where smart meters play their part in the governments plans for the future.
Allowing people to see where their peak demand is, and also offer tariffs based on this will allow the consumers to control their energy usage and effectively switch out appliances for more cost efficient appliances.
Using sites such as www.uswitch.com and www.gocompare.com allows consumers to put in their monthly or prepayment figures spent on energy consumption and then gives them the most cost effective tariff on the market.