At last, switching energy supplier will be quicker and easier
Finally, efforts to provide more control to consumers with their own energy providers and tariffs has been fruitful. From an agreement by the regulator Ofgem and energy suppliers it will now be possible to switch energy providers to just 3 days with a 14 day cooling off period. Surely this will encourage consumers to switch more regularly meaning lower costs and reduced energy bills.
If this wasn't enough, Ofgem have promised a next day switching mechanic by 2018. This is fantastic news for consumers who have felt cornered into their current energy tariffs for far too long. For many years people have felt that changing suppliers has been not only difficult but a far drawn out process. Many have suggested that switching online has revolutionised the previously complex process. However with some providers it can still take up to 7 weeks! Add this to some puzzling customer bills and it becomes crystal clear why many have been tentative to switching providers. The big six are able to take annually damaging dents because they are only too aware that most people are unlikely to switch.
All this is now about to change. With exciting times ahead for smaller, ambitious and more competitive energy companies such as Ovo Energy and Ecotricity being able to contented with the big six in a substantial way. It is likely that this could be the most influential alteration the energy market has seen in recent years, providing a significant difference to how consumers can access the most competitive and transparent tariffs.
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