Will Hodson, co-founder of group switching organisation The Big Deal, responded sceptically to the freezing of the Carbon Floor Price in the Budget questioning whether energy companies would pass on cost savings:
"Freezing the carbon floor price will reduce energy companies' costs. But people don't trust the Big Six to pass on those savings and reduce customers' bills. Just 17% believe they get a fair deal from their energy providers. The only way to get a better deal on energy is for people to come together and demand cheaper bills."
Over 5,000 people have signed up for The Big Deal after launching less than a week ago including Energy Secretary Ed Davey and Energy Minister Michael Fallon themselves (http://thisisthebigdeal.com/blog/energy-ministers-sign-up).
Polling done for The Big Deal by Populus found:
• Just 17% believe they get a fair deal from their energy providers.
• Just 16% believe energy providers are transparent in their communications.
• Just 17% trust their energy providers to find them the best deal.
• Three out of five (62%) believe energy companies don't care about their customers.
• Four out of five (83%) say the energy market is broken.
• Nearly three quarters (72%) say that energy companies act like a "cartel".
Support for another way – people power
• Over 80% of people are interested in joining a collective switch as a way of saving money.