Switchcraft, a switching service, analysed more than 18 million energy performance certificates (EPCs), which rate a property’s energy efficiency.
Andrew Long is chief executive of Switchcraft which automatically moves customers on to cheaper gas and electricity tariffs. He says: ‘Energy suppliers love to keep your account in credit and then use your money to run their business.”Read more This is Money January 9 2021
‘I enjoy the warm feeling of knowing I’m not overpaying without having to do anything myself. The switches all happen in the background, my direct debit is changed automatically – and I just get an email saying it’s been done.’Read more This is Money December 26 2020
“With some suppliers understandably behind on their bills with the pandemic, I wouldn’t be surprised if more suppliers quietly bump up direct-debit payment demands,” says Andrew Long, chief executive of SwitchcraftRead more Money Week December 22 2020
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.
Switchcraft is at the heart of the energy switching revolution.
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.
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.”
Switchcraft ranks the five ‘greenest’ football clubs based on their commitment to fighting climate change.