Released on 25 February 2013
MORE than a million households facing fuel poverty are being urged to sign up for the Big London Energy Switch.
London Councils, the organisation which represents London local authorities, and 20 boroughs are launching the initiative which aims to help the capital’s residents to get cheaper gas and electricity tariffs.
The scheme was given £686,655 by the Department for Energy and Climate Change (DECC) from its Cheaper Energy Together fund.
Each borough plans to use their share of the funding to work with residents who struggle to keep warm and could benefit most from switching their energy tariff. The aim is to sign up as many Londoners as possible for the Big London Energy Switch.
The boroughs will help select an energy switching provider which will hold a reverse auction - energy suppliers bid to provide services to everyone signed up. Residents will have the option of buying energy from the supplier that wins the auction.
It is estimated that 325,000 homes in the 20 boroughs are in fuel poverty, which means more than 10 per cent of income is spent on electricity and gas. But up to 1.75million households could be assisted by boroughs to get a better energy deal.