The Competition and Markets Authority (CMA) has appointed Ipsos MORI to conduct, on its behalf, research with domestic energy customers in Great Britain who are tenants.
The research will be used to understand the perceived or actual barriers to switching supplier that may be experienced by tenants, including contractual restrictions associated with tenancy agreements and other barriers to switching which may limit tenants’ ability to engage in the energy market.
The CMA began looking at the UK energy market in July 2014, after a referral by OFGEM which was concerned that competition was “not working as well as it should for consumers”. The final findings are due to be published in April 2016.
Are you a tenant?
It is a common misconception among people who rent that they have to accept the energy supplier they have when they move in to the property, however this is rarely the case. Last year OFGEM made it their mission to encourage the 9 million tenants currently in the UK to go energy shopping. OFGEM’s “Be an Energy Shopper” website includes key facts and top tips for breaking down the barriers which prevent tenants applying their practical shopping habits to their energy bills.
OFGEM’s statistics regarding tenants energy switching behaviours:
• 77% of tenants say they have never switched energy supplier
• 20% of tenants are not aware that it is possible to switch to a different supplier
• Renters are only half as likely to switch compared to home-owners
• 9 million renters could save a massive £200 if they shopped around for their electricity
Don’t stick with an expensive energy tariff, know your rights and compare suppliers today. You could save a small fortune. Click here to be taken to our free and impartial energy comparison and switching service.