We’ve calculated that Bristol residents could save more than £28milion a year on their energy bills if they switched to Bristol Energy.
Here’s how we did it:
There are 187,700 households in Bristol (2014 data from Bristol City Council PDF)
- 85% of UK homes are served by one of the Big Six energy providers (Source: Cornwall Insights).
- 70% of these households are on a Standard Variable Tariff (Source: CMA) This is the deal that you default onto when your fixed deal comes to an end.
That equals 111,681 households with one of the Big Six, on a Standard Variable Tariff.
- The current average Big 6 dual fuel standard variable tariff: £1185 (as at 5th September 2017, calculated using Ofgem’s typical domestic consumption levels*.)
- The current average My Bristol Tariff on dual fuel: £893 (as at 5th September 2017, calculated using Ofgem’s standard typical consumption levels*.)
So each household could save £258 per year by switching to Bristol Energy, compared to an average Big Six SVT dual fuel tariff.
£258 saving x 111,681 households = £28,813,698 total collective saving for Bristol.
*Ofgem defines typical domestic annual consumption as 3,100 kWh for electricity and 12,500 kWh for gas.