Research by Switchcraft, shows that more than a quarter of a million landlords are still renting out homes that don’t comply.
The energy regulator OFGEM has announced it will be significantly cutting how much energy providers can charge people on Standard Variable tariffs. Switchcraft Founder Andrew Long highlights how it’s still important to switch to find a good deal.Read more BBC Radio 4 August 7 2020
“Suppliers should use their variable tariffs as designed and pass on savings from lower wholesale prices to consumers.”Read more The Telegraph June 8 2020
According to auto-switching site Switchcraft, wholesale gas prices are 20% lower than they were when the price cap was last set
Switchcraft, a switching service, analysed more than 18 million energy performance certificates (EPCs), which rate a property’s energy efficiency.
Switchcraft’s research found that tenants paying up to five time more for their heating due to poor energy efficiency.
Switchcraft has offered some top tips on how billpayers can make their money go further.
Efforts to lower energy bills will continue to flounder so long as most gas and electricity is bought and sold through “opaque” bilateral contracts, Switchcraft has argued.
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Energy giants sit on £1.5bn of your cash: How to demand a refund as suppliers use your credit balances as their bank
The investigation by Switchcraft, a service that automatically moves consumers to cheaper tariffs, shows that nearly a quarter of customers’ complaints related to overcharging or having direct debits increased – despite being in credit.
“As the mercury drops, we can be certain that one thing will rise,” Alex Dickson at Switchcraft said.
Another energy supplier goes bust: Toto Energy ceases to trade leaving 134,000 customers in limbo a DAY after Ofgem revealed reform plans
Switchcraft said: “That Toto Energy – a company with an appalling track record – was able to purchase 43,000 new customers only three months ago is dumbfounding.”