Switchcraft warns that other suppliers may follow in the footsteps of collapsed supplier Eversmart.
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
Switchcraft analyses the progress made by the London Borough of Harrow in its battle against carbon emissions.
Alex Dickson, head of research at Switchcraft, urges customers to switch to a better deal rather than rely on the price cap to save money.
Auto-switching service Switchcraft claims these deals can lock billpayers into an ‘energy-poverty trap’
Switchcraft, said: “It’s great to see Ofgem on the front foot when it comes to enforcement actions against suppliers.
Auto-switching site Switchcraft, said that with so many customers moving to suppliers and tariffs they had not chosen “the industry is in crisis and the regulator needs to step in”.
Switchcraft, added: “British Gas customers will now see £409.5 million added to their energy bills as a result of the price hike.
‘It’s become so easy to set up an energy firm’: As the bubble bursts, will your supplier be the next to go bust in the challenging year ahead?
Switchcraft, says: ‘There’s a real risk of further bankruptcies. It’s become so easy to set up an energy supplier that many new ones have emerged without a realistic business plan or proper funding.’
That startup idea was Switchcraft, an online service where customers enter their details once and are automatically moved to the best possible energy deal.
Andrew Long, founder of another automatic switching site – Switchcraft – said that the cap had already led to a clustering of prices.