New figures show that the city is being overcharged for its energy bills
Have you switched on your heating yet? Thought about switching energy suppliers? New figures unearthed by Council-owned energy company Bristol Energy show that around 112,000 homes across the city are being overcharged for their energy bills. And total savings for the city could be as much as £28m for the city.
The energy market has long been dominated by the Big Six energy suppliers. Despite more than 50 energy suppliers to choose from, around 85% are still with a larger supplier.
Bristol Energy was set up by Bristol City Council to offer its customers a fairer deal on their energy bills. Its profits will be reinvested back into the city, to support local communities.
The energy company has already saved its Bristol customers around £1.5m on their energy bills, but insists there are still big savings to be made.
Peter Haigh, Managing Director of Bristol Energy said: “Recent price rises are eye-watering. And there are no excuses for it. The simplest way to save money this winter is to switch your energy provider and look for a fixed rate deal. Don’t let your energy company penalise you simply for being loyal. We save our best deals for Bristol residents, and can save people £258 a year compared to an average standard variable bill with one of the Big Six.”
Local MP Kerry McCarthy is urging residents to make sure they’re on the best deal: “Energy bills now account for 10% of spending in the poorest households, compared with just 5.5% in 2004. Two thirds of customers have never switched energy suppliers.”
“It’s the most long-standing and loyal customers, as well as the most vulnerable, that are being penalised by this unfair system. I would urge people to make the switch, and find a better deal, rather than boost the sky-rocketing profits of the Big 6 energy companies. In the meantime, I will keep pressing the Government to honour the promise it made during the election to cap energy bills”.
To find out more: www.bristol-energy.co.uk/ positive-energy-bristol. Call free on 0808 281 2222 or pop into the Bristol Energy Hub on Bristol’s Harbourside.