With news last week that Ofgem is placing a price cap on prepayment meters Peterborough City Council is reminding people that it’s always worth shopping around for your energy supplier.
The energy regulator’s temporary cap on prepayment meters is a result of the Competition and Markets Authority's two-year investigation of the energy market and a bid to protect Pay As You Go (PAYG) customers who have fewer, more expensive, tariffs open to them.
The temporary price cap from this April until 2020 will mean average savings of £80* a year with lower-income households set to benefit as the biggest users of PAYG.
With most energy suppliers raising their prices there are still savings to be had for people across a range of tariffs. In January, Peterborough Energy, the council's energy supplier exclusively for residents of the city, welcomed its 6,000th household taking residents' cumulative savings to just shy of £1.4 million.
Peterborough Energy's PAYG tariff is already below the level of the price cap.
Councillor John Holdich, city council leader, said: "Ofgem’s announcement is more evidence that too many people are still paying far too much their energy. I'd encourage everyone to shop around, including looking at our own local Peterborough Energy tariff which has a reputation for being good value. With customers’ collective savings already running to well over £1 million, I’m sure that more people could be benefiting.”
Formed by Peterborough City Council and award winning national supplier OVO Energy, Peterborough Energy aims to save residents money by offering competitively priced tariffs with excellent customer care. This includes Peterborough Energy PAYG for residents with prepayment meters which over 1,000 households have already made the switch to.
Councillor Holdich continued: "The switching process is very straightforward and can be done entirely online, or if residents prefer they can speak to a customer service representative on the telephone or face-to-face in a home visit. The switch over can be arranged there and then - it really is as simple as that."
Announced as uSwitch Supplier of the Year for the third year running in 2017, OVO Energy prides itself on excellent customer service. There are other attractive incentives too including a three per cent interest rate on account balances for customers who pay monthly and a £20 Amazon gift certificate for customers who switch and then refer others to do the same**.
For full information on switching and the Peterborough Energy incentives, visit the website or call 0800 408 6706 for pay monthly customers or 0800 408 6710 for Pay As You Go (PAYG).
Peterborough Energy also has a dedicated home visits team to assist people with the switch and understanding their energy bills. To arrange a free, 15-minute energy savings home visit call 01733 642 272.
** Promoter(s): Peterborough City Council, using the brand name Peterborough Energy (a brand licensed by OVO Energy Limited). Referral details are required to be entered on sign up to the Peterborough Energy service. Full terms and conditions for the Refer-A-Friend scheme can be found here: https://mention-me.com/help/