We are pleased to be launching a new free service for social housing providers that can save tenants on average £350 on their energy bill, with savings that will stretch out for years to come. We are working with the team that secured the best ever deal on BBC TV Dragons Den to roll out the Look After My Bills service.
The majority of tenants have still not switched energy supplier and are often stuck on the worst tariff.Even for those who have switched, many fail to switch again once the offer expires. This leads to a price hike of up to 50%. Look after my Bills means tenants at last can access the best deals and do it again and again.
Residents can sign up in less than two minutes using their landlords unique Look After My Bills URL and are offered a switch with a minimum saving of £50.The energy regulator says that over half of all people in the UK are overpaying on their energy bills by £350 a year. The biggest saving so far has been £433, all of which makes a big impact for low income households.
Back in August 2018 Look After My Bills Founders Will Hodson and Henry De Zoete went in front of the Dragons and after thrilling exchange, convinced Jenny Campbell and Tej Lalvani to join forces in the most lucrative deal ever seen in the shows 13-year history. The pitch by Will and Henry can be seen here. Now the service is being rolled out in social sector which has some of the lowest levels of supplier switching, leading to higher bills and fuel poverty.
The service works for tenants whether they are on pre-payment, fixed deals and is designed so that residents who qualify, can get the Warm Homes Discount. The service is also available to housing provider staff.
For housing providers, they will be able to track the progress they are making on tackling fuel poverty with regular updates on the total number of residents who have switched and how much is being saved. It is a fast and effective way for landlords to make a big impact on their customers household income.
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