Residents across Cambridgeshire have successfully saved £563,746 over the last five years by signing up to a collective energy switching scheme.
‘Cambridgeshire Energy Switch’ offers households the opportunity to sign up to an auction scheme to receive cheaper energy bills. Run by iChoosr, the UK’s leading provider of collective switching, the scheme harnesses the power of collective bargaining to get better deals on energy tariffs.
Over 500 households signed up through Cambridgeshire County Council for the last auction, which took place in February 2019. On average, 70 per cent of residents that signed up and chose to accept the offer were able to save around £120 per year on their gas and electricity bills. All without changing their energy usage.
The Council recently received two certificates to celebrate the savings it enabled for residents through the scheme.
The first certificate was awarded to the Council itself for saving £451,444 on residents’ bills, with a second certificate for ‘Cambridgeshire Energy Switch’ which celebrates the combined savings with the district councils of £563,746.
Registration for the October 2019 scheme opens today, Tuesday 13 August. The more people that participate in the scheme, the more likely it is that people will be able to achieve better deals with more competitive gas and electricity tariffs.
Cllr Josh Schumann, Chair of the Commercial and Investment Committee, said: “It’s fantastic news that we’ve been able to save Cambridgeshire residents so much money on their bills by securing reduced energy prices. It’s certainly a cause for celebration that this figure for the last five years is over half a million pounds.
“By partnering with a leading expert we’re showing our continued commitment to working with partners and other organisations to improve the quality of life for everyone in the county.
“We encourage any energy user that hasn’t already done so to sign up and see what kind of personalised offer they can receive. With average annual savings of over £100 per household this is a fantastic initiative to be part of.”
Cllr Anne Hay, Vice-Chair of the Commercial & Investment Committee, said: “Many people are paying too much for their gas and electricity and haven’t changed suppliers in years, if at all.
“This kind of scheme is so easy to take part in and can be very beneficial, especially for our more vulnerable residents who might worry about the cost of heating their homes and may not know how to find the best deal.
“It’s free to sign up and registration is now open until 7 October 2019 when the next auction will be taking place.”
Registering for the scheme only takes five minutes, and the energy tariff offer is exclusive to residents switching through the scheme.
Interested Cambridgeshire residents can receive a free, bespoke, no-obligation quote by visiting this page of the website.