Switchcraft, said: “It’s great to see Ofgem on the front foot when it comes to enforcement actions against suppliers.
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Brilliant Energy becomes tenth energy firm to fail
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”.
British Gas becomes latest supplier to slap customers with energy price cap rise
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.’
Why two investment bankers founded an energy switching startup
That startup idea was Switchcraft, an online service where customers enter their details once and are automatically moved to the best possible energy deal.
Winter likely to finish off some energy firms, analysts say
Andrew Long, founder of another automatic switching site – Switchcraft – said that the cap had already led to a clustering of prices.
Start-up offers automatic switching to cut home energy bills
Move supplier with minimum effort
New automated switching services will not only find you the best deal, but do the boring admin too