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Up to 4 million British families could benefit from energy price cap

HeatingSave Energy Monitor software

Up to 4 million families on pre-paid meters are set to benefit from an energy price cap which will save them £300million a year, a recent news report has been able to find.

The Competition and Markets Authority ruling follows a warning that 70% of customers in the UK are on expensive “default” tariffs rather than cheaper alternatives.

Across Britain, households are paying £1.4billion more for energy than necessary, Officials are to compile a database of people who have not switched their power supplier recently to allow them to be offered better deals.

The price cap for families on pre-payment meters is being introduced because the cheapest tariffs for those customers are currently £260- £320 more expensive than for people paying by direct debit.

Authority chairman Roger Witcomb said: “Our measures will help more customers get a better deal and put in place a modernised energy market equipped for the future.

“Customers will be alerted to the better value deals that are out there and it will be easier for them to switch.”

HeatingSave – slashing energy bills, fast and easy

This initiative is a truly commendable one, but if you’re looking for an alternate way of saving up to 30%+ on your energy bills, then HeatingSave is just the thing to consider.

Building Energy Management Systems are capable of delivering extensive monitoring and control options, compared to basic controls. They typically employ data from a variety of sources (boiler flow and return sensors, internal and external temperature sensors, occupancy sensors, humidity sensors, etc.), and enable the perfect optimization of a building’s boiler-based central heating system.

HeatingSave is also approved to work and save fuel within the Energy Technology List, which is managed by the Carbon Trust on behalf of the Government. It is also approved by the Department of Energy & Climate Change and the Energy Savings Trust and was specified by the Building Research Establishment for the energy efficient homes retro-fit program, called The Greenhouse Project.

If you’d like to find out more about HeatingSave’s accreditations, just visit the dedicated section on our website, and for any other information, just get in touch with our dedicated product team.

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