Switchcraft.co.uk said: “The gap between the default price cap and market leading energy deals is as wide as it’s ever been.”
Andrew Long, founder of Switchcraft, warns that there are signs other suppliers could be struggling.Read more This is Money October 18 2020
Andrew Long, CEO and founder of Switchcraft.co.uk, says: “Today’s news about Tonik energy isn’t a surprise given their £8.7m Renewables Obligation debt…”Read more Your Money October 6 2020
“If consumers think the cap will protect them, they are sadly mistaken. And it’s irresponsible for the regulator to suggest otherwise,” Switchcraft.co.uk said
Switchcraft, an auto-switching service, said: “If consumers think the cap will protect them from paying over the odds for energy, they are sadly mistaken.”
Research by Switchcraft, shows that more than a quarter of a million landlords are still renting out homes that don’t comply.
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.
Not all technology firms are run by egomaniacs. Some want to make the world better — as well as make money.