Switch your energy provider and save money
Royal Borough of Greenwich residents have an opportunity to get a better deal on gas and electricity bills as part of The Big London Energy Switch.
The Big London Energy Switch is an energy auction being run by London Councils that aims to help you lower your energy bills.
How energy auctions work
When many people group together they hold a greater bargaining power than they would individually. This means that together they can get energy companies to compete to offer their best prices.
The more people that register for The Big London Energy Switch, the greater the buying power and the lower the price that may be offered.
How much you could save
Savings depend on how much energy you use and the price of your current tariff.
Almost 5,000 Greenwich residents have signed up since the scheme began. Average savings in the last auction were £250.
There is no guarantee that the switch will save you money. Consumers who have recently switched energy providers may be on the best-value tariff already.
Who can take part in The Big London Energy Switch?
Anyone who pays a household energy bill can take part.
This includes tenants and people who have prepayment meters.
Those who are more than £500 in debt to an energy supplier are not allowed to switch their energy companies.
How the scheme works
Residents are invited to register for rounds of the Big London Energy Switch throughout the year.
Once registration has closed, all the energy companies are invited to offer their best prices to all those who have registered. The winning energy company simply offers the lowest price.
You will then receive details of exactly how much money you personally could save if you accept the energy company's offer. At this point there is no obligation for you to accept the offer.
How to register
Other ways to switch your energy provider
The Department of Energy and Climate Change's Power To Switch campaign gives you the opportunity to save money on energy bills.