The Big London Energy Switch is an energy auction being run on behalf of over 20 London boroughs that aims to help you lower your energy bills.
How energy auctions work
When many people group together they hold a greater bargaining power than they would individually. This means that together they can get energy companies to compete to offer their best prices.
The more people that register for The Big London Energy Switch, the greater the buying power and the lower the price that may be offered.
How much you could save
Savings depend on how much energy you use and the price of your current tariff.
Since April 2013, 48,000 Londoners have registered for the Big London Energy Switch. Londoners who switched energy suppliers have saved an average of £120 a year on their energy bills.
Residents have until 2 February 2015 to register their interest and registration is open now. Sign up here
If you, or someone you know, does not have easy access to the internet, or has experienced difficulty trying to sign up, RBKC are running sessions at a number of the libraries to assist with registration.
Please bring a copy of your current fuel bills or annual summary so that we can use accurate usage data to ensure that you get the most appropriate tariff offer.
Library Sessions for assisted sign-ups
|19 January 2015||14:00 – 16:00||Chelsea Town Hall Library|
|21 January 2015||14:00 – 16:00||Brompton Library|
|23 Janaury 2015||14:00 – 16:00||Brompton Library|
|27 January 2015||10:00 – 12:00||Chelsea Town Hall Library|
|28 January 2015||10:00 – 12:00||Kensington Chelsea Library|
|30 January 2015||14:00 – 16:00||Brompton Library|
There is no guarantee that the switch will save you money. Consumers who have recently switched energy providers may be on the best-value tariff already.
Who can take part in The Big London Energy Switch?
Anyone who pays a household energy bill can take part. This includes tenants and people who have prepayment meters. Those who are more than £500 in debt to an energy supplier are not allowed to switch their energy companies.
How the scheme works
The next energy auction will take place on 3 February 2015.
Once registration has closed, all the energy companies are invited to offer their best prices to all those who have registered. The winning energy company simply offers the lowest price.
You will then receive details of exactly how much money you personally could save if you accept the energy company’s offer. At this point there is no obligation for you to accept the offer.
Visit the website for more information.