The energy price cap was first introduced as a way of protecting the most vulnerable customers from being ripped off. Far, far too many people have been overpaying for their energy bills (still an estimated 11 million) and no one is under any illusion that the energy market is fair to consumers. The energy price […]
Category: Energy Switching
The May Loyalty Tax
Our research has found that 78 fixed energy contracts are coming to an end tomorrow – Friday 31st of May. This means that hundreds of thousands of people will roll on to their supplier’s default tariff – the most expensive deal. This is an average jump in price of £212. The worst culprit is Npower […]
Monzo energy switching v Look After My Bills
This week, Monzo launched their new energy switching service. A few of us in the team are fans of Monzo for banking so we were intrigued to see they were trying their hand at energy switching! We have had a look into the new service to see how it shapes up. Read on for our […]
Who is the best energy supplier for you?
The best energy supplier can depend on a few things. How much energy you use, the region that you live in, wholesale energy costs and the time that you are looking. Usage Usage has been classified into low, medium and high by Ofgem, the energy regulator. They calculate these figures from the median usage from a […]
Energy price cap adds £1.1 billion to people’s bills
This week, Ofgem, the energy regulator is reviewing the price cap. It’s widely expected that the price cap level – currently at £1,137 – will increase by around £100. Our new research shows that this will add a huge £1.1 billion to people’s energy bills. Join over 500,000 members and stop overpaying for your gas and […]
Post energy price cap deals – don’t fall for them!
Speculation has long been brewing around what the fall-out would be when the energy price cap finally came in earlier this month. The energy price cap is the threshold at which an energy supplier can set their standard variable tariff. This is currently no higher than £1137. You can read our full blog on the energy price cap here. […]
2018 worst year for price rises
It seems a week hasn’t gone by this year without a price rise hitting the headlines. As this year draws to a close, we thought we’d look back and try and make sense of the biggest year of price hikes on record. Who raised their prices? Our own research has found that 2018 had a […]
The loyalty tax. How do I avoid it?
The loyalty tax is something we’re all too familiar with at Look After My Bills. It played a huge part in why we set up our service! In fact a member of ours, Phil Michel, (not that one) appeared on ITV news at lunchtime yesterday talking about how he was stung by the loyalty tax […]
Energy price cap… the biggest misunderstanding
On the 1st January 2019, the government energy regulator, Ofgem, are introduced an energy price cap for customers on expensive tariffs. It sounded good on the surface… But when suppliers are forced to lower the cost for those paying more than the price cap, they plan on raising prices for those below it to subsidise […]
What is energy auto-switching?
Auto-switching (also known as automatic switching) is the simplest way to switch energy supplier and save money on your energy, every year. It’s the modern way to do bills without the headache and hassle of comparison sites. It’s the ‘why didn’t we do this before?’ moment we’ve been waiting for in energy switching. People signed […]