Following the Essex Energy Switch auction held last week iChoosr, the organisation that runs the scheme decided not to send tariff offers to residents who had signed up.
Current energy prices
All fixed rate offers at the auction were much higher than the Standard Variable Tariff (SVT) cap set by Ofgem so none of the offers would have helped residents save money.
iChoosr recommends that residents do not switch their energy tariffs at the moment due to the current unusual situation with energy prices.
The result of the Essex Energy Switch auction reflects the current energy market. The last year has been very unusual, with wholesale energy prices now at a 10-year high.
The aim of the Essex Energy Switch is to help local people save money on energy bills and make sustainable choices. Since the scheme launched in 2014, it has helped more than 21,000 people across the county save on their energy bills.
There is more information about the auction and why energy bills are rising on the iChoosr website
If you registered for the Essex Energy Switch, you will be contacted by iChoosr with the option to roll your registration over to the winter scheme. iChoosr will keep you informed throughout the winter and before the next auction in February 2022.
You might be able to save money on energy costs with other schemes and initiatives.
You can find more advice on energy costs on Ofgem and GOV.UK.
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