Renters missing out on energy savings worth hundreds
UK renters are missing out on savings worth £359 per year on average, because they didn’t know they could switch suppliers.
Research by comparison website MoneySuperMarket, has found that almost half (49%) of the nation’s renters were not given any information about their energy provider at the start of their tenancy.
Meanwhile, 12% think their landlord is solely responsible for switching providers – a figure which is higher among younger renters with one in five (20%) of those aged 18-34 thinking this is the case.
A further 10% of renters don’t know who their supplier is, and 6% couldn’t locate their meter if they needed to.
But under energy regulator Ofgem’s rules, if you are a renting a property and are directly responsible for paying the gas and/or electricity bills, you have the right to choose your own energy supplier. Your landlord or letting agent should not unreasonably prevent this.
Your landlord has the right to choose your energy supplier only when it is directly responsible for paying for the gas or electricity.
- Use our energy comparison tool to see if you can switch and save.
Stephen Murray, energy expert at MoneySuperMarket, says: “When it comes to energy switching in rented property, there is some confusion over who takes responsibility. In an ideal world, you would be provided with information on the supplier and the average bill size at the start of the agreement. Renters would then be encouraged to shop around for a cheaper tariff and make the switch. However, it seems this isn’t happening in far too many instances.
“There are savings of up to £359 per household to be made by switching suppliers, so it pays to take control and shop around. But it’s always important to keep your landlord up to speed with any change you plan to make.”