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Become part of the Preston Collective and save cash

Posted on - 28th February, 2013 - 8:16pm | Author - | Posted in - Business, Preston Council

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Preston residents are being encouraged to use ‘people power’ and join a ground breaking collective energy switching scheme that could mean massive reductions to the cost of heating their homes.

You will have seen the adverts by now pushing the scheme, but we all know that ever rising energy prices are a real concern. By getting together and collectively asking for a better deal, Preston people have the power to reduce energy bills and save together.

To help do this Preston City Council is taking part in a new collective energy switching scheme called People Power.

The scheme allows people who want to switch providers to get together and take part in a ‘reverse auction’ – set to take place on 9 April.

At the auction, energy companies will bid for the custom of all those registered and an offer with a price for energy supply will be sent to everyone calculated on their usage. Only then will people decide whether they wish to accept the winning supplier’s offer or not. Following the auction on 9 April 2013, a personal offer will be sent to everyone registered during the week commencing 15 April 2013. The more people who join the collective scheme – the better a deal everybody gets.

Residents on similar collective energy switching schemes have found they can save around £120 a year by switching suppliers. There could really be ‘strength in numbers.’

You have until 8 April to sign up for the scheme (you will need a copy of your energy bills handy).

Go to the Preston Council website for more information about People Power

The People Power scheme is targeted at all residents in Lancashire, although anyone outside of the county can also register to be a part of it. The scheme is also open to residents who use pre-payment metres.

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