October Auction Outcome (1st November 2023)
In the recent October auction,
suppliers did not bid with tariffs
below the new lower price cap which
took effect from 1 October. This is
the same scenario as in February, so
the advice from Ichoosr remains the
same - “we find ourselves once
again, in a situation where our best
advice for residents is to not switch
so we have made the decision to not
send out offers to residents for this
The ongoing volatility within the energy market has continued to make it hard for suppliers to offer compelling fixed tariffs below the price cap.
They understand this is disappointing, and are very aware of how much residents rely on this service, however, they are confident that this is the right decision. Residents are advised to ‘rollover’ their registration details into the next scheme which has an auction in early 2024, at which point we will be able to inform you further about the available options.
For online registrants
During w/c 9 October you should have received an email explaining the current situation and reasoning behind the outcome of the auction. A second email should have been received by registrants, during w/c 16 October, who have not taken action to ‘roll forward’ and a link to the Information Page.
For offline registrants
From 24 October, a letter should have been received explaining the current situation and reasoning behind the outcome of the auction. Residents will be automatically ‘rolled forward’ to the next scheme. They can call Ichoosr on 0800 048 8285 to opt out of this if they do not wish for their details to be included. The back of the letter will have some FAQs relating to the current market situation.
At this point in time Ichoosr intend to hold another auction on 9 January 2024.
Registration will open on 13 November and close on 8 January. Offers will be issued from the 22 January with closure on the 8 March. If you have any concerns or require further explanation please contact our helpline on 07572 502904. We are always available to help.
Energy Switch News (1st September 2023)
Although the energy
market is still
energy price cap is due to be
reviewed again at the beginning of
October. The indications are that the
price cap will reduce further and as a
result Ichoosr are proposing to hold
another auction in October.
Although the last auction was disappointing as savings were only small in comparison with standard variable tariffs and the auction did not secure a tariff for people who require paper bills it is thought that it is still worthwhile holding another auction at this stage.
Energy Switch is back (1st June 2023)
It is almost two years since the last
auction was held when Sedgefield
residents will have had an
opportunity to secure market leading
energy tariffs. Whilst the energy
market is still relatively uncertain we
have been informed that a number of
energy suppliers have sufficient
confidence to be offering fixed price
Residents who have been a part of the scheme previously will receive communication from Sedgefield Energy Switch before 5th June with information of what you will need to do to be included in the upcoming auction.
Residents who have not participated in the scheme previously but would like to take part should follow the registration instructions below. If you need help or haven’t access to online facilities you can call the helpline 07843 229357.
The important dates for this auction period are:
- 4th Sep: Registration Opens
- 3rd Oct: Auction
- from 16th Oct: Offers letters issued
- 27th Nov: Acceptance closes