Tag Archives: collective switching

Energy auctions are going, going…

…and look like they are here to stay!
 
Collective switching (the trendier byword for energy auctions) arrived last summer and is set to grow.
 
What is it and how does it work?
 
Collective Switching schemes are typically organised at the local level. Local councils (with funds from central government) have taken the lead in promoting these schemes.
 
A typical scheme works like this:
 

    1. Signing up to a collective switching scheme should be free and without obligation. If you’re charged to sign up then you are probably dealing with a scam. Avoid!
    2. You need to know who supplies your energy, what tariff you are on and how much energy you use in order to register.
    3. You need to sign up to the scheme before the stated closing date.
    4. The auction will run after the closing date. What this means is that the organisation in charge of the scheme is canvassing the energy suppliers for bids and calculating the best one for you.
    5. About a week after the closing date you should expect to hear back with a quote offer – i.e. the best deal for you. Then you either commit to switch or you don’t.

 
Why are collective switching schemes a good thing?
 
Collective switching schemes seem to reach people that do not use comparison websites to switch to the best deal. That is a good thing because switching is the lifeblood of a competitive energy market. The more people switch the more competitive the market becomes and that is good for all of us (well, perhaps not the suppliers).
 
Are collective switching schemes better than switching through a comparison website?
 
Online comparison and collective switching address different markets. If you are comfortable switching online through this website, then by all means (please) do. You are here anyway, right?
 
Collective switching is currently successful because it brings consumer choice to people who may not be active in the energy market.
 
And before you ask: besides running this website we also have a big hand in providing switching schemes with tariff data and software services. So we can afford to be neutral in this debate!
 
What collective energy schemes are currently open for sign-up?
 
As of today we know of these schemes. By the way, you don’t need to live in these places to sign up!
 
Surreyswitchandsave” for Surrey County Council
Power up your community” for South Lakeland District Council
NorwichBigSwitchandSave” for Norwich City Council
 
Recently closed schemes:
 

  • “Ready to Switch” campaign for Blackpool Council, Cheshire West and Chester Council, Hertfordshire County Council, Hull City Council, London Borough of Havering Council, Luton Borough Council, Northumberland County Council, South Holland District Council, Suffolk Coastal District Council, Waveney District Council, Wiltshire Council and Great Yarmouth Borough Council with Peterborough City Council as lead Council, Started in November 2012 and closed last week
  • “Great Manchester Fair Energy” campaign for Bolton Council, Bury Council, Manchester City Council, Rochdale Metropolitan Borough Council, Salford City Council, Stockport Metropolitan Borough Council, Tameside Metropolitan Borough, Trafford Council, Wigan Council, Calderdale Council, Gloucestershire County Council and St. Helens Council with Oldham Council as lead Council. Started in December and closed last week.

 
Up and coming schemes
 
Check back for information about new schemes coming soon.

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Energy Markets Overview April 02 2012

Wholesale gas and electricity prices both gained a couple of percent on the week pushed higher mainly by a gas leak in the North Sea which forced closure of the Elgin gas field.
 
Wholesale gas prices and electricity prices are up by 20% and 11% respectively from their opening levels of 2012. Brent crude in GBP remains comfortably above its 2008 high. Continue reading

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