Do you know who supplies your energy? According to a new survey commissioned by Bulb Energy, more than a quarter of households do not know if they are on the most expensive standard variable tariffs (SVTs) for gas and electricity and around one in 20 do not know who supplies their energy.
Most surprising about these stats is that this figure rises to 53 per cent in the 18 to 24-year-old age group – supposedly the most ‘tech savvy’ demographic. But there is a mitigating reason for this lack of savvy: 18 to 24-year-olds are likely renting rather than owning property and thus easily fall trap to the mistaken belief they’re unable to switch, or inheriting prepayment meters at properties that often carry restrictions on switching.
The research also suggests that 44 per cent of households are confused over whether they have switched away from SVT tariffs.
The point: chances are that many of us are paying too much for gas and electricity; complicated tariffs and hard-to-understand bills the primary culprits. Whilst it’s a relief to know that we are not alone in being overcharged, it’s also important that we do something about it. Know who your supplier is and change supplier f you feel you are paying too much. Outside of giving your provider a call to find out what’s what, price comparison sites are a good place to start your journey to a fair energy tariff.
For all your energy-related needs, contact the team at AACooper on 01689 485007 or firstname.lastname@example.org.