Besides the spring increases, energy suppliers are already getting away with charging loyal consumers hundreds of pounds more than new customers due to the supplier loyalty tax.
For far too long private energy companies have been ripping us all off, plunging people into fuel poverty while raking in juicy profits. This FREE money-saving service is combating that problem and putting pounds back into homeowners’ pockets.
Look After My Bills uses their advanced algorithms to find you the best energy deal available with reputable suppliers, and switches you to one that saves you a minimum of £50 (clients have saved an average of £262 annually). There will be no interruption to supply and you’ll continue to get the same gas and electricity through the same pipes and wires.
The co-founders, Will Hodson and Henry De Zoete, channeled this business idea from their own frustrating experience.
One winter they discovered that their utility deals would be ending and that they needed to compare the market again, but finding the time was proving difficult. It turned out Will’s deal had expired two years ago costing him an extra £430 and Henry’s had expired 3 years ago costing him an extra £840.
They had both been automatically rolled onto their suppliers most expensive rates – the standard variable tariff. Will was outraged that energy suppliers were getting away with charging loyal consumers hundreds of pounds more than new customers.
Henry, shocked at how little the public knew about this issue, felt compelled to bring the loyalty tax into the spotlight. The duo began thinking about how they could get money back in the pockets of consumers rather than the Big Six bosses.
They felt so strongly about this problem that UK households were facing that they even pitched their service on BBC’s Dragons’ Den… and all five Dragons made them an offer. Will and Henry walked away with two Dragon investors and the best deal in the history of the Den. This vote of confidence propelled the business forward into being one of the best money-saving services to date.