The consumer group, Which? is collecting signatures from people who are fed up with high energy bills, which average £1,260 a year. Which? will then invite the UK’s energy suppliers to take part in a so-called “reverse auction”, in which participants try to outbid each other with lower prices. The supplier that commits to the lowest energy price will win the petition’s signatories as customers.
The campaign, which is called The Big Switch, is that the more people sign up to the list, the lower the prices will be. The campaign, which was welcomed by ministers, works along the same principles of group buying sites such as Groupon.
For more information, please visit the Telegraph website.