If you haven’t switched energy suppliers in the last 12 months, you are probably paying more than you should. According to Ofgem, 57% of people are on the Standard Variable Tariff (SVT). Worryingly, the SVTs offered by energy suppliers are typically the most expensive tariff.
Most people inadvertently find themselves on an SVT, as they don’t swap suppliers or renegotiate after their initial deal ends. This is typically after the first year.
Furthermore, many people don’t even know when their original contract is up. As a result, energy suppliers know people forget or can’t be bothered, so this is where they make all their money. In fact, they rely on you not taking action.
There are currently around 70 different energy suppliers on the market, yet despite the vast choice, most people still don’t switch regularly. Because simply, it’s a hassle and there are better things you can be doing that trawling comparison sites. This is where Look After My Bills steps in as your personal energy assistant to save you from your inaction, by doing it all for you. But, best of all, it’s completely free!