Let’s face it: not many people have the time of patience to constantly scan the energy market to find the best deal.
There are almost 100 suppliers and each of them have any number of individual tariffs. With fixed tariffs, variable tariffs and certain tariffs for certain meters it can become confusing.
It’s almost as if suppliers have purposely made it as complicated as possible to put consumers off switching. Because of this millions of households have ended up on their supplier’s most expensive tariff.
Energy auto-switching is the future
Energy auto-switching is a relatively new concept. Most services have launched in the last 12 months. You provide the service with some basic details about your gas and electricity usage (current supplier, annual usage, meter type). After that, they will automatically switch you to the best deal available.
The beauty of energy auto-switching is that the service is ongoing unlike a comparison site. As soon as one deal ends, they’ll scan the market and find you another great deal. You don’t need to do anything.
Which auto-switching service is best?
There are a growing number of energy auto-switching services in the market, Look After My Bills were the first and largest. They made the concept mainstream when they received the best deal in the history of Dragons’ Den in August of 2018.
Look After My Bills are also our favourite for a number of reasons. Firstly, the service (like many others) is free. With over 100,000 members they have spent the last year optimising and now offer a number of customisations. You can choose green energy only or can sign up if you’re on a prepayment meter.
Customers are also covered by a number of guarantees. A switch will only be initiated if a saving of at least £50 can be found, and they will only switch you to suppliers who have a good track record for customer service.
Look After My Bills take a small commission from the supplier in order to keep the service free. The level of commission is the same for all suppliers so they’re not inclined to favour one over the other.
Other services include Flipper (although you have to pay £25/year), Switchcraft and WeFlip (owned by GoCompare). While these are good, they do little to differentiate themselves from Look After My Bills.
Is energy auto-switching for me?
If you haven’t switched in a while and don’t have the time to scan the market then energy auto-switching is for you. It takes just a couple of minutes to sign up. After that, everything is handled on your behalf.
If you’d rather spend time yourself finding the best deal, have preference on supplier or other unique requirements then you’re probably best sticking to the traditional method of using comparison sites. But be sure to scan the entire market, some comparison sites hide the best deals by default in order to favour those that pay them a commission.