What Rate per kWh do you pay for energy?

This is the main question when it comes to saving money on energy bills.

If you’re buying petrol, you might compare the price per litre at one garage versus another garage, and you might choose the less expensive option because it costs less.

Well, it’s the same for gas and electricity. Each supplier charges different rates per kWh and in different areas of the Country – it’s just harder to see what they charge.

Which is why you might want to check prices by using an energy price comparison site like Switchwise. Just enter your postcode and your supply information and see how much you could be saving.

Try it now! You can try this comparison test using estimated consumption if you don’t have your details handy.

Free energy price comparison service
By SwitchwiseTM | UKPowerTM | UswitchTM

The Big Six Explained

Within the UK, there are 6 large companies who dominate the energy market; they supply around 95% of all household energy but who are they? They’re household names that everyone recognises, but are also known as ”the big six”. The control they have over the market leaves only a tiny portion to be served by the remaining 12 suppliers.

British Gas
As the UK’s largest supplier, British Gas is the most recognisable UK name with nearly 10 million customers. Part of the British-owned Centrica Group, a huge company also involved in gas and oil exploration and production employing 33,000 people. Profits were £571m for domestic supply in 2013.

Npower is part of the German power giant RWE; one of the five largest energy companies in Europe. Providing energy to 3.5 million customers in the UK they are one of the major providers of energy used in the UK. Profits were £134m for domestic supply in 2013. Last year RWE decided against building any new nuclear power plants in the UK.

SSE was formed in 1998 after the merger of Scottish Hydro and Southern Electric, later adding Swalec to the stable. Generating power and supplying, like the other major UK suppliers. Profits were £318m for domestic supply 2012-13. They employ about 18,500 people in the UK and recently vowed to keep variable tariffs frozen at current price levels until 2016.

Scottish Power
In 2007 Scottish Power became part of the Spanish energy giant Iberdrola. They’re one of the largest UK energy suppliers with profits of £128.5m for domestic supply in 2012.

German company E.On also own the UK company E.On who used to be known as Powergen, but switched to E.On UK in 2007.
12,000 people employed in the UK and 79,000 worldwide, generating and supplying energy including wave power. Like RWE, they recently ruled out building a new nuclear plant in the UK.With profits of £296m for domestic supply in 2013.

As a French state-owned energy company, their UK operations are an owned accessory of EDF Energy, supplying around 5.5 million domestic and business customers in the UK. EDF runs eight nuclear power stations in the UK. Profits were at a £92m loss for domestic supply in 2012.

Although these Big Six monopolize the market, there are 12 other suppliers in the UK! Use our price comparison calculator to see if you could be using a new provider and saving money!

Try it out now! Use estimated consumption if details not to hand!

Free comparison service by
SwitchwiseTM | UKPowerTM | UswitchTM

Go Energy Shopping Campaign – Switchwise UK

We all like to make sure we’re getting the best deal, right?

When it’s time to get a new phone contract do you shop around for the best deal you can find? Perhaps argue a little with the rep on the phone? When you come to the renew your TV subscription do you at least look at other providers before deciding you like your deal? 

That’s why we shop around for energy prices too, in fact we think it’s even more important because unlike a mobile network service, energy is always going to be the same quality, regardless of the provider.

The Big Six energy providers have taken over the market and make it seem like there are no other options when in fact there are dozens of energy suppliers in the UK! That’s why we suggest you should act now and get the best deal for yourself.

Using a Price Comparison Calculator, you can find out the best deal for you and browse other energy providers and their offers. We think you shouldn’t just settle because you recognise the name or because you’ve been with them for 10 years, it’s all the same energy – it shouldn’t cost you a premium just because you’re provider says so!

Try out our Switchwise energy price comparison calculator to help you do your energy shopping!

Try it out now! Use estimates for how much you use.

Free comparison service by
SwitchwiseTM | UKPowerTM | UswitchTM

Energy Myth Busting

Energy Myth Busting

Energy Myth Busting

So you’ve set up your student house bills, you’ve switched to the ideal tariff and you know all there is to know about good energy saving habits. But it’s time to sort out the truth from the trash. Which housemate is claiming their habits actually save energy?

“Dishwashers waste energy and water.”
It’s official – the Centre for Sustainable Energy said so. Don’t be that guy that tries to ban everyone from using the dishwasher. It would actually use far more hot water to hand wash ALL those food-encrusted plates that your house mates have left out for a week. If you only use it with a full load, no more than once a day on a medium temperature, you’lll be saving money AND keeping your kitchen clean. Opting for an economy setting will also use less power and water. (If you’re even lucky to have a dishwasher of course.)

“I can’t switch energy provider in a rental property”
Ofgem states that you are legally entitled to switch energy suppliers. Of course, this is a different story if your landlord is responsible for your bills or there aren’t any other suppliers available. But, normally you CAN always switch. Your landlord is required to make you aware of any legal ties if a supplier is mentioned in your contract but Ofgem says that you are still entitled to change. Head to www.switchwise.co.uk to get started.

“It’s not worth switching energy supplier, they’re all the same.”
LIES. Just like banks reward new customer with attractive interest rates, sticking with your old energy supplier won’t do you any favours. If you are an existing customer you will both likely have been moved on to a more expensive tariff. You aren’t rewarded for loyalty. Don’t be lazy, make sure you make the most of offers for new customers. Switching really isn’t as hard as you think- all you need to do is enter your postcode on www.switchwise.co.uk.

“Turning down the radiators will save us energy.”
Nope. If your thermostat is still turned up high your heating will still keep working until the room hits its specified temperature. Turning off radiators completely is also a bad plan as you’ll just be asking for mould to start growing in your student house.

“I can have long electric showers because they’re so much cheaper.”
Electric showers may save water heating costs but having a luxurious long shower may end up costing you just as much in electricity. No singing in the shower allowed I’m afraid.

“Turning up the thermostat will make the house heat faster.”
Don’t let yourself be tempted to ramp up your thermostat when you come to your freezing cold house. Your heating won’t work any faster, it will just be work for longer to reach a higher temperature. So it will cost you MORE without saving you any time. Not worth it. Get more energy saving tips here.