Here’s something that you won’t read often in The Spectator: Ed Miliband is right. Britain’s energy market is broken, and a small number of big companies have the upper hand against consumers. But the solution, of course, isn’t state intervention – it’s more competition. That’s why The Spectator is making its own foray into the market.
Under new rules put in place by Ofgem, energy companies are being told to simplify their tariffs. But you can also get a special rate negotiated by a collective of consumers, and our plan is to get enough Spectator readers (and anyone else who wants a good deal) together and then negotiate – something that will be done by a start-up company called the Big Deal on Energy. Its aim is to bring together people who’d be prepared to switch, if the price was right. The Big Deal negotiate on your behalf (and the more people that join up, the stronger the position they’re in and the better the deal they can get), then come back with a price. If it’s better than the deal you’ve got now – and we have every hope that it will be, to the tune of at least £200 a year – you can switch. But if it’s not better, or if you change your mind, you’re under no obligation to take the deal.
You can sign up via our website at new.spectator.co.uk/thebigdeal or via telephone on 0333 222 5872. Either way, you will be positively surprised to land upon the simplest signup possible. The first negotiation is due to start in the next few weeks, so sign up for this round before Wednesday 11th June to get in on the deal. It’s free, takes 60 seconds to sign up and there are zero obligations. You don’t have to take the deal if you don’t want to.
Fair prices come not from intervention, but from competition – where effectively applied. Join us, and help turn the tables on the energy companies who’ve had it too easy for too long.