IKEA launches its own ‘clean energy’ tariff as flat pack giant claims it will save families £300-a-year
The Swedish chain announced the initiative after teaming up with The Big Clean switch, which aims to help people switch over to renewable suppliers
FURNITURE giant IKEA has branched out into the renewable energy market - by offering homeowners its own tariff.
The Swedish chain announced the initiative after teaming up with The Big Clean switch, which aims to help people switch over to renewable suppliers.
Ikea bosses claim their tariff will save Brits up to £300 a year if thousands sign up at the same time.
The collective switching model involves thousands signing up for new tariffs, with the sheer number meaning that its easier to negotiate a better price.
How to switch suppliers and save £300
SWITCHING suppliers is the best way you can cut your energy bills. But recent research from MoneySuperMarket found that households are throwing away up to £300 a year by not bothering. Here's what you need to do.
Shop around - If you're on an expensive Standard Variable Tariff (SVT) deal you are throwing Away up to £300 a year. Use a comparison site like MoneySuperMarket.com or EnergyHelpline.com to see what best deals are available to you.
The cheapest deals are usually found online and are fixed deals - meaning you'll pay a fixed amount usually for 12 months.
2. Switch - When you've found one, all you have to do is contact the new supplier.
It helps to have the following information - which you can find on your bill - to hand to give the new supplier.
- Your postcode
- Name of your existing supplier
- Name of your existing deal and how much you pay
- An up-to-date meter reading
It will then notify your current supplier and begin the switch.
It should take no longer than three weeks to complete the switch and your supply won't be interrupted in that time.
The new tariff was announced less than a week after Ofgem announced it would start piloting collective switching to help Brits to get a better deal on their energy bills.
Figures from the energy watchdog reveal that switching rates are at a record high already - but more than half of households are on rip-off tarifs.
A fifth of electricity and gas customers have already used collective switching to move on to better deals.
Hege Saebjornsen, sustainability manager at IKEA UK, said: Our commitment to sustainability goes beyond minimising the impact of our own operations to having a positive impact on the word around us.
MOST READ IN MONEY
“We want to provide our customers with innovative solutions that will help them live a more sustainable life at home and save money in the short and long-term.
“By partnering with the Big Clean Switch, we hope to make switching to renewable electricity simple, accessible and affordable to everyone.”
Pre-registration for IKEA’s energy tariff starts February 20 at bigcleanswitch.org/ikea.
We pay for your stories! Do you have a story for The Sun Online Money team? Email us at [email protected] or call 0207 78 24516. Don't forget to join the for the latest bargains and money-saving advice.