The competitive fuel tariff has released the figures, along with a video promoting how easy it is to switch, following the clocks going back at the weekend.
The figures state that out of a possible 80,670 households in the city, a total of 8,289 households switched* to the competitive fuel tariff since it launched in 2015 - each saving an average of £122** per year.
Councillor John Holdich, Leader of Peterborough City Council said: “As city residents get ready to turn up their heating this autumn and winter, I would urge them to join me on our local tariff, which could make significant savings for families.
“Peterborough Energy has been running for two years now and in that time over 10 per cent of households have made use of the tariff to reduce their bills.
“I hope even more residents will consider making the switch which is simple and can be done entirely online, or alternatively over phone or during a home visit. The level of savings achieved by some customers is a good indication that many Peterborough households are still paying too much for their energy."
Colin, a city resident and Peterborough Energy customer who features in the new video to promote the energy tariff, said: "When they worked it out I was saving about £200 a year. It's simpler to switch than you think. I would recommend Peterborough Energy to anyone."
With many attractive deals and incentives on offer the Peterborough Energy tariff offers both excellent value and customer experience. The benefits include one of the most value-for-money gas and electricity tariffs for households with pre-payment meters (‘pay as you go’ customers) and great customer service from OVO Energy, which manages and services the tariff.
OVO were named uSwitch Supplier of the Year for the third year in a row in 2017.
Other benefits include a three per cent Interest Reward*** on all account balances in credit and a £20 Amazon.co.uk gift certificate**** for any customers who refer friends or family once their switch is confirmed.
For information on switching, all the other benefits and terms and conditions for the Amazon gift certificate visit the Peterborough Energy website. Or call 0800 408 6706 for pay monthly customers or 0800 408 6710 for Pay As You Go (PAYG).
Peterborough Energy has a dedicated home visits team, who can assist with your switch and help you understand your energy bills. To arrange a free, 15-minute appointment in the comfort of your own home call Green Energy Switch on 01733 642 272.
* A total of 8,289 households have now made the switch to Peterborough Energy. This is not the current number of live customers.
**Average saving is £121.96 based on the average estimated annual costs for new Peterborough Energy PAYM customers quoted through the Peterborough Energy website, compared to their current supplier and tariff. Comparisons taken between 01/07/2016 and 31/03/2017. Incl VAT.
***Calculated at three per cent per year, paid monthly based on number of days in credit and the amount left in your account after you’ve paid your bill. OVO Interest Reward is capped at 12 times the amount of the current direct debit amount and is available to customers paying by advance direct debit. Terms apply: www.ovoenergy.com/
**** 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 PeterboroughEnergy service. Full terms and conditions for the Refer-A-Friend scheme can be found here: https://mention-me.com/help/