If you get your energy from one
of the ‘big six’ energy companies, and most people in Britain do, then you’ll
know that they charge heaven and earth for their services. Saying that, Kiran
Trivedi readers, why should you desert the ‘big six?’
Did you know that the annual
household energy bill now runs up £1,264, and that only covers gas and electric?
Why do you think that is? Is it because it simply costs that much to bring
energy to your house? Whilst energy costs are rising all over Europe, they’ve
risen much more steeply over here.
The thing is that they shouldn’t.
In Britain we’re a lot more energy independent than Europe, as we don’t depend
on Russia for our gas and oil and we have a growing renewable energy sector,
which means that costs really shouldn’t be that bad. Furthermore, the fact that
American shale oil and gas is flooding the market at the moment should make
things even cheaper.
The thing is that the ‘big six’
don’t seem to be taking any of this into account. We see this best through the
energy prices row last year. Labour leader Ed Miliband suggested that if he got
into power then he would impose a 20 month energy price freeze.
The big six went mad. They
immediately denounced any such strategy, saying that it costs too much to
supply the country with energy as it is and that it why they are raising
prices. They also rose prices again to circumvent such measures.
The actions of the big six from
there show that they haven’t really got consumers best interests at heart, and
that is why you need to desert them. In the end, the energy prices row stopped
and not only did most of the big six not lower their prices, they also
convinced the government to cutback the ECO Funding scheme; which provided
energy efficiency measures designed to cut household energy bills.
This is why you should switch to
a smaller energy company if you want to more effectively manage your personal
finances. It’s logical really. Because they’re a small company they can’t
afford to alienate their customers, which means that they have policies that
mean that you get cheaper energy.
We have seen this recently with
small energy company Ovo. Based on the usage of dual fuel by a medium user, the
energy company has pledged to get energy bills to under £1,000 a year. This has
prompted large energy firm SSE to say that they are freezing prices until 2016,
showing that they really don’t need to raise prices to keep themselves afloat.
That’s why you need to desert the
big six energy companies, Kiran Trivedi readers. They clearly don’t have your
best interests at heart because they’re so big that they don’t need to. Switch
to a smaller energy company if you want to more effectively handle your
personal finances.
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