Switchcraft, said: “It’s great to see Ofgem on the front foot when it comes to enforcement actions against suppliers.
Founder and chief executive of Switchcraft.co.uk, Andrew Long said the “biggest scandal” in the energy market is still the way the most vulnerable customers pay the most. “It should be illegal for prepayment customers to be charged more”Read more The Herald February 6 2021
Switchcraft said it made “no sense” to increase prices when 2.1m families were already behind on their bills. “The biggest scandal in the energy market is still the way the most vulnerable customers pay the most”.Read more The Financial Times February 5 2021
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
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.
New automated switching services will not only find you the best deal, but do the boring admin too