Energy bills are falling... but not yet. Is it worth switching?
This is Money Podcast
This is Money
4.4 • 735 Ratings
🗓️ 26 January 2015
⏱️ 2 minutes
🧾️ Download transcript
Summary
Simon Lambert and Lee Boyce discuss the sneaky tactics behind the latest round of changes to our gas and electricity bills and ask whether there are further savings to be made by changing provider. With Georgie Frost of Share Radio's Consuming Issues.
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Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
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Transcript
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| 0:00.0 | One thing that really sticks out in my mind about this is the fact that some of the energy providers aren't making these cuts until the end of February, which, you know, it's still cold at that time of year. But the main heating usage, you know, will be now. You know, it's cold. One of the coldest mornings, I can remember in a long time. You know, this is when people are using their heating. It's no good if these cuts are going to come in at the end of the next month. Why not right now? |
| 0:23.3 | You know, one of them has, an aeon, straight away cuts have been made. But what's the delay? Why are they taking their time to do it? That's a question. What is the delay? Why are they taking their time to do it? Simon? Because they're sneaky. Lee's right. That's happening. It is sneaky. And if we look back, going back each year when those prices were going up, you would have found that the prices |
| 0:41.2 | were rising pretty much immediately. There's a very strong argument that they should be coming down |
| 0:45.7 | now. There's a very strong argument that they should have come down already. The thing to take |
| 0:50.5 | away from this for people is that even though prices are falling and you might see |
| 0:55.3 | that your provider has actually cut what you're going to pay, be it now or be it in a couple |
| 0:59.2 | of months' time, it is still worth considering switching your energy bills. If you've never done |
| 1:04.7 | it, you can, most people could save a couple of hundred pounds a year, two, three hundred pounds. |
| 1:09.4 | Even if you have done it, |
| 1:16.8 | you could probably save a hundred pounds or so. I actually switched at the sort of end of last year. I did a compact, you can do a comparison on this is money. It's Power by Energy |
| 1:20.6 | Helpline. And I did it and it came up, I was with Empower, it came up that I could move |
| 1:27.1 | to Ovo. I could take their green energy package, so I'm supporting renewable electricity, and I was saving 150 quid. To me, that sounds like a big winner, so it was bye-bye M-power and hello Ovo. It's also worth pointing out, though, that not everyone's going to get these reductions. It's only certain tariffs anyway. Well, anyway well yeah absolutely and that's why you should be sitting down and thinking about switching |
| 1:48.0 | and it's actually a really really simple and easy process if you go to this is money dot co |
| 1:52.5 | dot uk 4 slash fuel bills you will find an explanation and a little calculator you put your |
| 1:58.1 | postcode in you do the comparison and it pretty much does all the work for you. |
| 2:02.6 | You might have to take a metre reading. |
| 2:04.4 | That's not the hardest thing to do in the world, |
| 2:06.7 | says the man who hasn't taken his meter reading yet. |
| 2:08.5 | It couldn't be simpler, could it? |
| 2:10.1 | A, Simon, Simon, Lambert, Edg there. |
| 2:12.3 | Of this is money in... |
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