Starting from 1 June, consumers have again been given more choices regarding their energy contracts. Due to the current market situation, several contracts with fixed prices are being offered for extended periods. Those currently paying variable prices can significantly save, according to research conducted by the Vastelastenbond.
For customers with variable contracts at energy suppliers such as United Consumers, Vattenfall, or Eneco, switching to a fixed energy contract could lead to an average annual saving of €524. In some instances, these savings can even climb to €774.
The price cap, in effect until the end of this year, provides additional protection. However, roughly 40% of households consume more gas and/or electricity than the amount covered by a price cap. These households can now benefit from tariffs lower than the maximum limit set by the price cap.
According to Dirk-Jan Wolfert, the director of Vastelastenbond, the average saving when switching from a variable to a fixed contract has never been higher. This could lead to savings of hundreds of euros. He advises consumers to choose carefully, as the lowest price in the energy market is not always the best deal. "It's wise to verify the financial health of an energy company," says Wolfert.
Sources:
[1] VLB, "Persbericht: Vast energiecontract tot 774 euro goedkoper dan variabel energiecontract", https://www.vastelastenbond.nl/blog/persbericht-vast-energiecontract-tot-774-euro-goedkoper-dan-variabel-energiecontract/, retrieved on 22 June 2023.
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