Collective scheme to help Great Yarmouth residents save on energy bills
10:38 08 January 2013
Great Yarmouth residents can save on their energy bills by taking advantage of a collective scheme, being co-ordinated by the borough council.
Yarmouth Borough Council has Waveney District Council and a further 11 authorities across the country in the scheme.
The Collective Energy Scheme will allow residents to combine their purchasing power and to bulk buy their energy as a group, enabling those registered to switch to cheaper energy bills.
Savings of between £60 and £200 per year are anticipated – but the more people that sign up, the bigger the potential savings.
Registering for the free scheme is easy.
Visit www.readytoswitch.co.uk and provide your contact details, the name of your supplier and details of your current energy usage and tariff.
For those that do not have access to the internet there are several other ways to sign up.
You will still just need a recent energy bill - call 01493 856100, visit the Town Hall or Greyfriars House or get a friend or family member to register you online at the address above.
You can register up to five separate addresses with the same email address.
Registration for the scheme is only open until January 28, 2013.
The collective switching scheme will work by means of a reverse auction where energy suppliers will be invited to bid the lowest price to supply energy to all those signed up for the scheme.
Offers will then be sent out to residents either as an email or a letter after close of registration and residents will have until February 22, 2013 to decide whether they want to switch to the new deal.
There is absolutely no obligation to accept the offer once you receive it.
This will be the biggest scheme of its type in the UK as Great Yarmouth Borough Council is joining with 12 other councils who will also be asking their residents if they’re ready to switch.
So if someone signs up in Great Yarmouth or in Peterborough - they will all become part of the same group and go to the same energy auction to save on their gas and electricity bills.
By running it across 13 councils it means that a larger group of households can be formed and greater savings can be achieved. In total over 1.5 million households will be eligible to join the scheme.
The scheme work with a specialist company called iChoosr which will negotiate with the energy companies on behalf of everyone signed up to the scheme to get the best tariff possible.