As purse strings tighten across the UK and the nation adjusts to life after lockdown, an online energy comparison website claims it can find you the cheapest deals and switch suppliers for you.
Comparing prices and shopping around is the only way to find the best deals and Look After My Bills will do it all for you.
And if you’ve never heard of them, you might be interested to learn that last year, the company got the best ever deal on the TV show, Dragon’s Den.
“Too often families are being ripped off in the energy market but I’m confident we’ll all look back in 15 years time and think it was crazy that people had to spend hours searching on comparison sites or calling up companies to get a good deal,” said Henry de Zoete, co-founder of Look After My Bills.
“And even if they could be bothered to do that in the first place they then had to remember to do it every year otherwise they’d be ripped off.
“One free sign up to Look After My Bills and we do everything for our members, saving everyone precious time and money every year forever.”
All five Dragons made offers to invest in the business – with the co-founders eventually agreeing to take £120,000 for just 3% of their business.
How does it all work and should you use it? Here’s our handy guide to what the service has to offer.
Look After My Bills – the free service on offer
Look After My Bills is a one-stop shop to keep you on the best energy deal – potentially saving you hundreds of pounds a year.
You sign up (they estimate it takes about two minutes) then they search the market, and move you to the best deal.
The better news is that they’ll keep doing it – although you’ll only be moved if there’s at least a £50 saving – meaning you don’t need to keep an eye on when your deal ends.
This is how Look After My Bills explains it:
- We will only switch you if we can save you at least £50
- We will only switch you to energy companies with good customer service. A few extra pounds in savings is not worth terrible customer service.
- We will never switch you if you’re in a fixed contract with exit fees.
- If you only want green energy you can still sign up and we will only switch you to 100% renewable deals.
- If you receive the Warm Home Discount you can still sign up and we’ll only switch you to deals with suppliers that do the Warm Home Discount.
What’s the catch?
You might ask how they make money, if the service is free.
“The way we are able to keep the service free for users is that we take a commission from the energy companies that we switch people to,” explains the Look After My Bills website.
“This is the same amount whichever the energy company and we only switch you to companies we trust who have good customer service.”
Look After My Bills isn’t the only service that will switch for you.
Their main competitor is Flipper.
They also compare your energy prices and move you to the cheapest deal automatically – it costs £25 for the service, but they only charge you something if they save you at least £50.
While Flipper costs, it also compares more deals – as it doesn’t need a commission to get paid.
There are also services that do most of the work for you – including alerting you when deals are up – like Voltz .
This free app can find deals for you and switch in a minute – and will also alert you when your deal is about to run out.
OneDox does something similar – but with more than just energy.
Phone, TV and broadband bills are all housed in one place, then when it’s time to renew they tell you who to shift to – although they don’t make the move for you.
Quick links to energy switching websites
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