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Energy companies battling for business

Switching is having an effect, says Ofgem

Consumers switching energy supplier are making power companies compete more fiercely on price, according to the energy regulator.

Ofgem says Britain’s energy giants are also introducing innovative tariffs and products, as well as improving service as they battle for business.

Ofgem Chief Executive Alistair Buchanan said: ‘Ofgem’s research shows that customers are punishing firms that do not deliver on price and service – switching rates remain strong.

‘Suppliers are responding by cutting prices, improving service and developing new energy products to attract and retain customers.’

However, as Which? revealed last month, you could be paying more for your energy depending on what area of the country you live in.

Switch with Which?

As our tables below show, Britain’s six main energy providers charge different prices across the UK’s 14 energy regions.

That’s because energy companies that were the dominant supplier in a region before deregulation – or those that already have a large market share – usually charge more for their standard tariffs than companies trying to increase their customer base.

If you’ve never switched supplier you’re getting a poorer deal than those who have.

On average in 2006, households using Switch with Which? saved £245 year, with first-time switchers most likely to make big savings – up to £500 some cases.

The standard rate, dual fuel charge for a medium user paying by direct debit
Region The British Gas logo

British Gas
(£)

The EDF Energy logo

EDF Energy
(£)

The npower logo

npower
(£)

East Midlands 832 846 800
Eastern 831 832 793
London 816 880 801
Manweb 839 885 818
Midlands 845 844 863
Northern 857 838 876
Norweb 846 831 808
Scottish Hydro 827 888 811
Scottish Power 846 890 826
Seeboard 809 870 793
Southern 824 858 809
Swalec 853 906 852
Sweb 840 905 831
Yorkshire 850 837 862
Table notes
Standard and online Rate: Bill calculations are based on annual consumptions of 1,650 kWh (low), 3,300 kWh (medium) and 4,950 kWh (high) for standard rate electricity. All prices shown include VAT at 5%. All prices reflect all known price changes at the time of publication. However, you should check with your chosen supplier before switching, to see if prices have changed.
a
Scottish and Southern Energy: includes the following brands: Southern Electric, Scottish Hydro Electric, Swalec and Atlantic N/A: [No available tariff for this supplier or this payment type].

 

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