Collective Energy Scheme

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Spring may be in the air and the promise of warm sunny days but now is the time for residents to join together and buy gas and electricity collectively in a bid to save money on energy bills.

CW&C has joined forces with 11 councils across the UK to create a Collective Energy Scheme, where residents are able to combine their purchasing power and bulk-buy their energy as a group, enabling them to negotiate with providers for cheaper energy bills.

Known as collective switching, the scheme will make it easier for people to switch energy provider and participants can expect to see savings of between £60 and £200 a year.

This popular free scheme was launched on the 1st April and registering is easy!

All you need to do is visit www.readytoswitch.co.uk and provide your contact details, name of your supplier and details of your current energy usage and tariff.

Registration for the scheme will stay open until midnight Monday 9th June.

The scheme will work by means of a reverse auction on Tuesday 10th June where energy suppliers will be invited to bid the lowest price to supply energy to all those signed up to the scheme. Offers will then be sent out to participating residents who can then decide whether they want to switch to the new deal. There is no obligation to accept the offer.

Ed:"Sounds like a good idea to me!"

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