The Big Deal creates cheapest two year fixed deal

The Big Deal collective switching scheme has resulted in 10,000 households being offered the cheapest two year fixed tariff on the market.

The deal, which will cost the average dual fuel customer £1,055 per year, is not available on comparison sites.

The 10,000 members of the collective switching scheme, more than 60 per cent of whom have never switched before, stand to save more than £5.8 million in total.

Green Star Energy, which entered the UK retail energy market in 2013, offered the most competitive deal.

Its sister company, Hudson Energy, has been serving thousands of business customers in the UK for the past two years.

Henry de Zoete, co-founder of The Big Deal, said: “By harnessing the buying power of 10,000 people the Big Deal has created a new two year market beating tariff that you can’t get on a price comparison site. A first for a collective switch.”

Joanne Thornton, general manager of Green Star Energy, added: “The Big Deal has brought together a group of people who don’t often switch and have been paying high bills for far too long.

“We’re delighted to be able to offer them a brand new exclusive market leading two year deal that will put money back into their pockets.”

The Big Deal campaign was been backed by 30 MPs of all three parties, including energy secretary Ed Davey, energy minister Michael Fallon and shadow business secretary Chuka Umunna.

Davey, who signed up to the collective switching scheme when it launched in March, said: “Collective switching and schemes like the Big Deal are allowing consumers to get together, and demand a better deal from energy companies.

“We’ve paved the way for these schemes to get off the ground through pilots with local authorities and community groups.

“Collective switching can save consumers hundreds of pounds and forms an important strand of our policy package making switching easier, faster, with more suppliers out there offering market leading deals.”