Ofgem have announced an increase to the energy price cap of £139 from 1 October.
Around 15 million households are currently covered by the price cap, which will see their typical bill increase from £1,138 to £1,277. Prepayment customers will see a larger increase of £153.
The increase is due to a 50% rise in wholesale energy costs over the last six months, with gas prices at a record high.
If you are on your supplier’s standard variable tariff, or if your fixed tariff is coming to an end and you haven’t switched, you can expect your bills to be affected.
The good news is, the Merseyside Collective Switch is here to help.
Set up in 2013, the Merseyside Collective Switch is one of the longest running local authority Collective Switches in the country. Delivered by local charity Energy Projects Plus, in partnership with the six local authorities in the Liverpool City Region, it has so far, helped local people save over £1.5 million on their energy bills.
Collective switching works by using the power of the group to negotiate cheaper energy tariffs from suppliers. The Merseyside Collective Switch winning tariffs have often been the cheapest on the market and are available exclusively to its members. Anyone can join, it’s completely free and there is no obligation to switch if you don’t want to.
Previous winning deals have included Big 6 suppliers such as British Gas, E.on, SSE and EDF Energy as well as Ovo and Green Energy.
The Merseyside Collective Switch also includes a full market comparison, so if the winning deals aren’t right for you, you can find one that is.
As exclusive offers are only available to members, you will need to register by 8 September to be eligible. Once you’ve registered, you will be able to access exclusive offers time and time again, and can make sure you’re not missing out on a great deal on your energy.
Registration is completely free and your data will only be used to provide you with information about the winning energy tariffs.
Plus, by switching with the Merseyside Collective Switch, you will be helping to support local charity, Energy Projects Plus, who provide vital support to local people who are living in fuel poverty.
Switching your energy tariff with the Merseyside Collective Switch is both quick and easy, and it could prevent you from overpaying hundreds of pounds a year.
The next set of winning offers will be available from 9 September, providing time for you to compare and fix your energy tariff ahead of the price rises.
Peter Owen, CEO at Energy Projects Plus said; “We are proud to have been offering this free switching service, which is specifically designed to benefit people across the Liverpool City Region, for eight years now. The Merseyside Collective Switch is here to support everyone through the switching process to make sure you’re not paying more than you need to. With the price cap increase looming, and more energy price hikes on their way, it’s now more important than ever to make sure you’re not paying more than you should be for your gas and electricity”.
Registration for this round closes on 8 September.
Members will then be contacted with the deals that have been negotiated for the group.
To join the Collective Switch visit www.lcrenergyswitch.co.uk/join-the-switch
or call the local Save Energy Advice Line on freephone 0800 043 0151, where you can also get other free and impartial support to help reduce your energy bills.