TheBigDeal.com creates the cheapest gas and electricity tariff on the market
Just £762 a year - a £301 saving on a Big Six standard tariff
Today, TheBigDeal.com launches its latest collective switch - the cheapest gas and electricity tariff on the market. The tariff with independent supplier Places for People Energy, costs just £762 a year - a £301 saving on a Big Six standard tariff. It comes as wholesale prices are increasing leading to companies like Ovo raising their prices.
Will Hodson, co-founder of consumer collective TheBigDeal.com, said:
"This deal is proof that people power works. The collective bargaining power of over 200,000 Big Deal members helped us negotiate the best deal on the market. A whopping £300 saving on a Big Six standard tariff.
"Our deal comes from a great independent energy company - the kind of supplier comparison sites want to hide from the public. And this great deal is open to everyone - unlike the Big Six, who often refuse to let their most loyal customers have their best deal. Disgracefully SSE is doing this right now.
"It's time for people to end their exploitation by the Big Six. This deal gives people control over their bills, and we urge as many as possible to take it."
Details of the tariff:
- It is from housing association energy supplier Places for People Energy.
- It costs on average £762 a year, for a medium user averaged across all 14 regions.
- People could save £301 a year if they're moving from the Big Six - the average of the Big Six standard tariffs is £1063 a year.
- Families can still sign up for the Big Deal's collective tariff for free by going to www.thebigdeal.com or by calling 0203 870 2039 (9am to 6pm Mon - Fri, 9am to 4pm Sat).
- How the Big Deal tariff stacks up against the top 5 cheapest energy tariffs:
- The Big Deal's collective tariff with Places for People Energy - £762
- Avro Energy - £770
- So Energy - £779
- GB Energy - £780
- SSE - £782
- Affect Energy - £784
(All prices based on Ofgem medium consumption across all regions and correct as of 24th August 2016)
All customers are shown every energy deal on the market so they can be sure that our deal is the right one for them. If they want to choose other deals they can do so.
How SSE works with price comparison sites to hide their best deal from their own loyal customers
- Currently, Big Six supplier SSE have a very competitive deal on the market available through the following price comparison websites: uSwitch, MoneySupermarket, GoCompare, Compare the Market, Confused, EnergyHelpline, and Energylinx.
- It costs £782 a year and is the 5th best deal on the market and the best from a Big Six company.
- However, this deal is "not available to existing SSE customers".
- SSE's standard tariff - which 70% of its customers is on - costs £1071. This means SSE customers are missing out on a £289 saving.
Notes to editors
TheBigDeal.com is a consumer collective focused on reducing people's energy bills. We bring together hundreds of thousands of consumers and use our collective buying power to create exclusive deals.
Launched in March 2014, we now have over 200,000 members and continue to grow. 62% of our members have never or hardly ever switched before - these are the very people who have been let down by the energy market for too long. Moreover, 60% of our members are over the age of 55 and 30% over the age of 65. We have saved the British public over £10 million since we launched.
TheBigDeal.com is a start-up business and charges a commission to energy companies. Unlike price comparison websites we are 100% transparent and publish the exact amount of our commission. For our current switch that is £40 for a dual fuel (both gas and electricity) switch. This compares to £50 to £100 for the main price comparison websites.
TheBigDeal.com research exposes price comparison sites hiding cheapest deals online and over the phone
On 20th October 2014, TheBigDeal.com published research that showed that the Big Five switching websites (Go Compare, Compare the Market, MoneySupermarket, uSwitch and Confused) all hide the cheapest deals from users because they don't get paid by energy companies for them. The full research including over 200 screenshots taken over 13 weeks can be found at: https://thisisthebigdeal.com/blog/research-into-price-comparison-websites
On 2nd February 2015, The Big Deal published similar research except into activity over the phone that found that all the Big Five switching websites (Go Compare, Compare the Market, MoneySupermarket, uSwitch and Confused) hid the cheapest deal when talking to customers.
This research led to an official investigation into the behaviour of the Big Five price comparison websites by the Energy and Climate Change Select Committee.http://www.parliament.uk/business/committees/committees-a-z/commons-select/energy-and-climate-change-committee/inquiries/parliament-2010/energy-price-comparison-websites/
The energy regulator Ofgem also tightened up the rules around comparison sites following our investigation: http://www.bbc.co.uk/news/business-30912626