Two-Thirds* of TV Viewers Overpay To Watch Wimbledon – Raking in Massive Profits for Big Energy Suppliers
Watching Wimbledon at home to save money? You’re probably paying 23% more than you have too because of overpriced energy bills – but there’s a quick fix.
Enormous Viewing Numbers = Enormous Profits
Over the next 2 weeks, UK viewers will watch a staggering 99,000,000 hours of live Wimbledon coverage, making it one of the most popular sporting events of the year.
But all of those viewing hours will come with a record-breaking price tag – £1,837,196 in energy bills, to be exact. That’s the equivalent of 278,363 pints of Pimm’s!
This price tag is just part of the fallout from the significant price increases implemented across nearly all the big six suppliers this year, making 2017 the most expensive time ever to watch this ‘must see’ British sporting event on TV.
Consumers Are Paying over 23% (£424,967) More Than They Have Too
According to energy comparison site, energyhelpline, for those who have contracts with the big six suppliers, the total cost of watching Wimbledon on TV this year will be a staggering £1,837,196. If, however, consumers have been savvy and switched to the cheapest one year fixed deals, the total cost to this group is significantly cheaper with a group cost of £1,412, 229 – a difference of £424,967.
Peak Pricing on Energy Means Watching Televised Sporting Events At Home Could Become Costly
Just like Wimbledon, watching The World Cup or the Olympics is an enjoyable pastime for many. However, watching these sporting events at home may soon come with quite a price tag – which is why viewers need to keep a watchful eye on more than just the tennis ball.
The Sunday Telegraph reports that just like trains, peak times of energy usage may be paired with peak prices, due to monitoring by smart meters. During massive sporting events like Wimbledon, your prices may spike – like it or not. And this pricing could become an everyday issue – such as raised pricing when you are doing your washing, or cooking dinner.
There is an Easy Solution Out There for Savvy Viewers – One That Will Long Outlast the Matches
Says Mark Todd, co-founder of energyhelpline, “Wimbledon is a must-see event for many, which is why it‘s unfortunate that the energy companies relish these popular sporting events, and take full advantage of our increased viewing hours. However, those who get smart and switch can enjoy the matches for significantly less money, allowing for lower bills – and more strawberries and Pimm’s!!”
*http://www.wimbledon.com/en_GB/atoz/faq_and_facts_and_figures.html – all TV viewing hours taken from this source
* according to the ofgem webstite: https://www.ofgem.gov.uk/publications-and-updates/ofgem-publishes-new-information-standard-variable-tariffs – “Around 66 per cent of all households are on standard variable tariffs, which are typically more expensive than fixed deals”