3.8m Energy Customers Switch Tariff In First Half Of 2016

Keeping energy costs to a minimum is one of the most important priorities for homeowners and office managers alike who are trying to prevent their heating bills spiral out of control.

This is why so many people are now becoming savvier when it comes to shifting their introductory deal when it comes to an end to avoid paying high costs on the standard variable tariff.

According to data published by Ofgem earlier this week, 3.8 million energy customers switched their supplier during the first six months of the year, which amounts to one million more than in the same period in 2015.

Small Business, Consumers and Corporate Responsibility minister Margot James said: “The number of suppliers has more than tripled since 2010 and it is great to see more people have already taken advantage this year by switching and saving money on their bills.”

There are now more than 40 energy providers offering a range of deals that could save significant costs on gas and electricity bills. Indeed, the average standard energy tariff earlier this year was £1,066, which was £308 more expensive than the cheapest tariff at the same time.

As well as changing supplier, businesses can look into installing insulation window film in their offices. Preventing 93 per cent of heat from escaping through the window, this is a great way at keeping warmth in the building so the thermostat does not have to be set so high.

Therefore, companies can reduce the amount they have to spend on their heating bills in the long-run.

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