On the day that a third energy supplier has put their prices up, customers in Wales can fight back. For the first time people have the chance to bulk buy their energy as a group. The scheme is called 'Cyd Cymru' or Wales Together. Megan Boot** **has been finding out how it works.
A new scheme aimed at helping customers avoid high energy bills has been launched in Wales.
The collective energy buying service - Cyd Cymru - allows customers to band together to negotiate with energy suppliers.
Gary sawyer - who owns and runs Carlisle Bakery & Cafe - in Splott, Cardiff - switches energy suppliers to save costs and is considering singing up to the scheme.
Figures show that many people in Wales have never switched suppliers.
ITV Wales is asking: Why have you never bothered switching energy suppliers? And if you have, what was your experience - did you save money?
Tell us at: firstname.lastname@example.org or at: www.facebook.com/itvnewswales
Registration for Cyd Cymru opens today - click here for their website.
Registration for Cyd Cymru opens today and will run for six weeks. Here's how the collective works:
- Residents register providing as much information as possible about their energy use
- Once registration is closed, data is collated and presented for an 'energy auction'
- Energy companies offer their best prices to the collective
- New tariffs are offered based on registration data
A scheme aimed at helping people avoid high energy costs is being launched in Cardiff and the Vale of Glamorgan today. Cyd Cymru is a collective energy buying scheme, which encourages people to band together to negotiate with energy suppliers to get better rates.
Similar schemes have been running across the UK for some time. Developed by Cardiff and the Vale of Glamorgan councils with support from other local authorities and housing associations, Cyd Cymru aims to simplify complex tariff systems and change the way we buy our energy.