We hope to bag you 'cheaper than the cheapest' energy in our fifth collective switch. A collective is where energy firms bid to offer you their best tariffs via a trusted go-between (eg, us!).
A staggering 350,000 have saved about £80m on their annual bills in our previous switches. Yet new rules mean we can only offer it to 'members' of Cheap Energy Club or those that get the weekly tips email. But you've only got until 8pm on Mon 12 September to sign up, check here to see if you're registered already for Big Switch 5.
DON'T MISS OUR FIFTH COLLECTIVE SWITCH FOR A CHANCE AT MARKET-LEADING TARIFFS
We’ve already saved members around £80m on their energy bills through our previous collective switches. We hope to offer you market-leading tariffs again in our latest Big Switch Event. To be in with a chance to save, sign up before 12 September.
Find you the cheapest deal
We'll do a full market energy comparison to see if you're overpaying on your current deal. If not great - if you are, we'll help you switch
Constantly monitor your tariff
Then each month, without you doing anything, we'll do a background comparison to check you're still on the cheapest tariff - in case yours has risen in price or others fallen
Alert you when it's time to switch
When the time's right for you to switch based on your current details, we'll alert you and show you the best gas and electric deals
How it works
We take the hard work out of switching energy. Just sign up, tell us what your current energy tariff is and we'll tell you if you're overpaying. Then, as many tariffs are only cheap in the short-term, we'll monitor the market and email you if you can save.
Can't be bothered to switch for a £20 saving? Tell us what you will switch for and we'll only email when you can save that amount. Bingo! It'll all be filled in for you - just click the button.
And all this for free - we'll never charge you for using Cheap Energy Club.
Why we're doing this
For a very simple reason. We've been shouting when to switch energy (and when not to) forever, in our Cheap Gas & Electricity guide. Yet you tell us it's complicated and a hassle!
So you've inspired us to build a tool that strips the effort out. We'll hold your hand through the process and make sure you're ALWAYS on the best tariff so you're CONSTANTLY getting a cheap price (it's different for everyone).
The difference between standard tariffs and the cheapest can be as much as £300. So that's £300 in savings, year after year after year.
Do we make money from this?
Suppliers pay £60/dual fuel switch (£30 single fuel) to comparisons and collective schemes; we give £30 to you as cashback (£15 single fuel).
Much of the rest pays our data & switch suppliers, leaving us with hopefully £11ish per dual fuel switch. That pays the team who work on this, and hopefully leaves some profit.
It's completely free for you to sign up to and use Cheap Energy Club, and as always, we only ever write based on our legally binding editorial independence.
Frequently Asked Questions
How does Cheap Energy Club work?
It's designed to fix the problem that when you switch tariff, you risk that provider upping its rates. Even if it doesn't, the cheap rate normally only lasts 18 months or so before it ramps prices. That means it's hard work to stick with the cheapest. So we're going to do that work for you. There's a three step process to it:
Step 1. We find you the cheapest deal. Register for the Club and we'll check you're on the cheapest deal. If you are, great - move to step 2. If not, it'll do a full market comparison to find the cheapest (with lots of guidance) and we'll handle the switch for you. Plus to encourage you, there's up to £30 cashback if you switch via the Club, which you wouldn't get direct.
Step 2. In the background, each month we do a comparison for you. Energy prices change - yours may hike, others could get cheaper. So without you doing anything, whether you switched or not, from then on we do a comparison for you in the background each month, to check you're still on the cheapest deal.
Step 3. Alert you when it's worth switching again. You tell us what 'worth it' means. If you tell us you want to save £100/yr once you can we'll email you; and without you entering new info (unless it's changed), we'll tell you what the cheapest is, and let you shift at speed.
Does it cost more to switch via Cheap Energy Club?
Absolutely not. The tariffs you see in the results are the same as the tariffs and prices you'd pay if you went direct to the supplier.
While we often get paid when users switch via us, this cash comes from supplier's marketing budgets, there's no difference in the price you'd get via us and the price you get direct. In fact, we'll even pay you cashback when you switch via us as we want to encourage switching.
How are the calculations done?
The calculator estimates your current energy usage based on your annual kWh usage, bill amount or Low/Medium/High user data you input.
It takes (or calculates) your current kWh usage by comparing the data you supply to the unit costs associated with your current tariff. Next, this is multiplied against the kWh unit costs of other tariffs provided by other suppliers in your area.
Any additional savings offered by the supplier based on payment types are also taken into account. The estimated annual savings figure is calculated by subtracting the cost of the other tariffs with alternative suppliers from your current costs.
Comparison calculations are never spot on, especially if you've estimated your usage but it's the best way to find your cheapest tariff, and certainly better than listening to your supplier, or the salesman at the supermarket.
How does energy switching work?
Don't worry too much about switching. Only customer service, billing and, most importantly, prices change. The pipes, circuits, wires, safety coverage and actual gas and electricity flowing through your home are all the same.
The new supplier performs the switch, and all you do is take a final meter reading. Of course, there've been many switching horror stories and sadly these still happen. But for most, it's a smooth process.
We'll email you every step of the way so you know what's happening. You'll get an email when you've applied for a switch, or if it's rejected you (possible but not common) we'll let you know.
Energy Club members:2,247,839
Updated: 25 July 2016
Energy Club Successes#CECwin Successes
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