Mayor's plea for Bristolians to come together to save money
George Ferguson has launched a new scheme aimed at helping Bristol householders and small businesses save money on their electricity and gas bills by joining together to switch energy providers.
Bristol Switch and Save is a new not-for-profit collective buying scheme where residents and small businesses on a domestic tariff can join together to get a better deal.
With more than 25 suppliers and 400 tariffs on the market, it is hard to know which is the best deal. Bristol Switch & Save will help reduce the confusion by finding the best deal on the group’s behalf. It is being led by Bristol-based charity the Centre for Sustainable Energy, in partnership with Bristol City Council, Bristol Credit Union and the Bristol Pound.
The aim is to get at least 5,000 people to sign up by March 22, but the more people who register their interest the more likely that better tariffs can be negotiated.
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George Ferguson said: “Bristol Switch and Save is an excellent opportunity for residents and small businesses to save money off their energy bills. Trying to achieve a better deal can be an unfathomable and confusing experience so collective bargaining is a common sense and powerful idea. I shall no doubt be registering an interest myself.”
Councillor Gus Hoyt, cabinet member for the environment said: “The more people who join in, the greater the buying power and the greater savings everyone can make. I’d urge anyone who's even vaguely interested to find out more.
“Households who haven’t switched energy supplier for some time, if at all, don’t commonly use comparison websites or are confused by the options for buying energy have the most to benefit from this scheme.”
In similar schemes UK householders have saved up to £400 on their annual energy bills but typical savings range from £125 to £200 depending on circumstances and payment method. Those who have never switched providers, or haven’t reviewed the tariff they are on for some time are likely to make the biggest savings.
For more details visit www.bristolswitchandsave.org.uk