{"id":8745,"date":"2016-10-19T13:29:18","date_gmt":"2016-10-19T13:29:18","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=8745"},"modified":"2018-02-15T10:28:20","modified_gmt":"2018-02-15T10:28:20","slug":"renters-risk-wasting-over-1billion-on-expensive-energy-deals","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/renters-risk-wasting-over-1billion-on-expensive-energy-deals\/","title":{"rendered":"Renters Risk Wasting Over \u00a31billion on Expensive Energy Deals"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p>UK renters are missing out on savings worth over \u00a31 billion collectively on their energy bills, because they didn\u2019t know they could <a href=\"https:\/\/www.moneysupermarket.com\/gas-and-electricity\/\">switch suppliers<\/a>, had bills included in their <a class=\"wl-entity-page-link\" title=\"Renting\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/renting\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/renting;http:\/\/rdf.freebase.com\/ns\/m.01y857;http:\/\/dbpedia.org\/resource\/Renting\" >rent<\/a>, failed to discuss the matter with their <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/landlord\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/landlord;http:\/\/rdf.freebase.com\/ns\/m.02mx_6;http:\/\/dbpedia.org\/resource\/Landlord\" >landlord<\/a>, or simply weren\u2019t allowed to, according to new analysis from MoneySuperMarket.<\/p>\n<p>The analysis looked at <a href=\"http:\/\/www.moneysupermarket.com\/hubs\/gas-and-electricity\/renters-rights\/\">energy switching habits among renters<\/a>, and shows almost half (49 per cent) of the nation\u2019s renters were not given any information about their energy provider at the start of their <a href=\"https:\/\/www.thehouseshop.com\/tenant-referencing-for-free\" target=\"_blank\" rel=\"noopener\">tenancy<\/a>. 12 per cent think their landlord is solely responsible for switching providers &#8211; this is higher among younger renters with one in five (20 per cent) of those aged 18-34 thinking this is the case. Additionally a tenth (10 per cent) of renters don\u2019t know who their supplier is and six per cent couldn\u2019t locate their meter if they needed to.<\/p>\n<p>Under rules set out by Ofgem, the energy <a class=\"wl-entity-page-link\" title=\"Market (economics)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/market-economics\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/market_economics;http:\/\/dbpedia.org\/resource\/Market_(economics)\" >market<\/a> regulator, if a tenant\u2019s name is on the bill, they have the right to switch supplier. Even where the landlord\u2019s name is on the bill, and the amount owing is paid by the tenant with the rent, it is worth discussing a switch with the landlord if there are savings to be made.<\/p>\n<p>In total, a fifth (18 per cent) could be missing out on potential savings of \u00a31 billion by languishing on an expensive tariff, simply because they have never switched.<\/p>\n<p><strong>Stephen Murray, energy expert at MoneySuperMarket, said<\/strong>:<\/p>\n<blockquote><p>\u201cWhen it comes to energy switching in rented <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >property<\/a>, there is some confusion over who takes responsibility. In an ideal world, you would be provided with information on who the supplier is, and the average bill size at the start of the agreement. Renters would then be encouraged to shop around for a cheaper tariff and make the switch. However, it seems this isn\u2019t happening in far too many instances.<\/p>\n<p>\u201cOfgem has stated categorically that tenants are entitled to change supplier at any time if they are responsible for paying the energy bill, and should not be unreasonably prevented from doing this. There are savings of up to \u00a33594 per household to be made by switching suppliers, so it pays to take control and shop around. But it\u2019s always important to keep your landlord up to speed with any change you <a class=\"wl-entity-page-link\" title=\"plans\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/plan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/plan;http:\/\/rdf.freebase.com\/ns\/m.018jrr;http:\/\/dbpedia.org\/resource\/Plan\" >plan<\/a> to make.\u201d<\/p><\/blockquote>\n<p>Check out this handy infographic summarising the results and research:<\/p>\n<p><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/MSM-IG.jpg\"><img loading=\"lazy\" class=\"alignnone wp-image-8761\" src=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/MSM-IG.jpg\" alt=\"01058-renters-infographic-v3\" width=\"791\" height=\"1380\" srcset=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/MSM-IG.jpg 1000w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/MSM-IG-118x206.jpg 118w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/MSM-IG-258x450.jpg 258w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/MSM-IG-100x175.jpg 100w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/MSM-IG-150x262.jpg 150w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/MSM-IG-200x349.jpg 200w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/MSM-IG-300x524.jpg 300w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/MSM-IG-450x785.jpg 450w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/MSM-IG-600x1047.jpg 600w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/MSM-IG-900x1571.jpg 900w\" sizes=\"(max-width: 791px) 100vw, 791px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK renters are missing out on savings worth over \u00a31 billion collectively on their energy bills, because they didn\u2019t know they could switch suppliers, had bills included in their rent, failed to discuss the matter with their landlord, or simply<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/renters-risk-wasting-over-1billion-on-expensive-energy-deals\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":8763,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[1,9],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2016\/10\/energy-savings-infographic-image.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/renters_risk_wasting_over_1billion_on_expensive_energy_deals","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/8745"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=8745"}],"version-history":[{"count":5,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/8745\/revisions"}],"predecessor-version":[{"id":14531,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/8745\/revisions\/14531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/8763"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=8745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=8745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=8745"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=8745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}