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AD. I’m a big fan of saving money, and also using services that automate personal finances. I love savings apps that squirrel away a little bit of money and anything where companies look for ways to save us money, with next to no effort from us!
I want to share with you a service I’ve heard about recently, called *Flipper, that helps to remove the hassle and confusion from switching energy suppliers. It takes just a few minutes to sign up to Flipper and from there they manage everything from finding a better deal to managing the actual switch on your behalf.
Why should I switch energy suppliers – and why now?
If you haven’t changed your energy supplier in the last 12 months, you’re almost certain to be on a Standard Variable Tariff or ‘SVT’ (also known as a ‘default’ tariff).
This is the tariff all energy suppliers move customers to when a fixed deal ends and is one the most expensive deals available. For a household with typical energy usage an SVT will cost ~£300/yr more than the best deals available. So switching to a better deal will save you hundreds of pounds.
Many people claim they don’t/won’t allow themselves to roll over onto an SVT, but there are 11 million UK households (40% of the total) on a Standard Variable Tariff…
And while everyone knows they are starting to use more energy at this time of year, as the nights start to draw in and the heating goes back on, very people realise just how much their usage increases.
Between October and March you will use 60% of your annual electricity and a massive 75% of your annual gas consumption.
So – even though you probably pay your energy supplier the same amount every month – more than 2/3rds of your annual energy charge will be incurred between now and April 1 . Which means now is the time to switch, before your energy usage – and cost – peaks.
Why should I use Flipper?
Over the past 12 months more than 6 million households have switched their energy supplier, with the most popular way to find a better deal being to use a Price Comparison Site (PCW). However, the 2 main issues with PCW’s are:
i) You need to do most of the work yourself, ie:
- – Provide all the data about your current tariff and usage.
- – Choose the new deal from the list shown
- – Manage the switch yourself
- – Re-check the market again to ensure your still on a good deal
ii) They only show you (by default) the deals they get paid for, ie:
- – PCW’s (and other autoswitchers) are free to use as the energy suppliers pay them for the customers they provide, but this means you only see the deals they earn commission on, which is unlikely to include all the best value tariffs available.
This is why many people are put off switching, ie: even though they know they can save money they think it’s not worth the hassle and/or is too confusing. (This is the case for both non-switchers and a % of people who previously switched).
And that’s why Flipper was created: to remove the hassle and confusion and help more people switch to – and stay on – a better energy deal. Our aim is to deliver our customers maximum savings from minimum effort.
How does Flipper work?
It takes around 5 minutes to sign up to *Flipper then they take care of everything for you.
They run a market check for you straight away and if they can’t find a better deal there and then, they keep checking every two weeks until they do. They do find a better deal for 95% of people within 24 hours.
Once Flipper found you a better deal, they send you an email to let you know, then mange the whole switch on your behalf. All you need to do is send Flipper a meter reading.
Once you’ve been switched for the first time, they re-check the market every month to ensure you stay on a good deal.
They have their own clever tech which doesn’t just compare tariff unit rates but also looks at things like the time it takes to switch and exit fees, ensuring you’re switched to the right deal at the right time to maximise your long-term savings.
And they send you an email every time they run a market search to keep you updated.
What else do I need to know?
Flipper always aim to look at the widest possible choice of tariffs when checking the market but only switch to suppliers who provide great customer service. Every member of the Flipper team has friends and family who are signed up to Flipper and they apply the rule: “If we wouldn’t put people we know with a supplier, we won’t move anyone to them“. Flipper are currently switching to 59 of the 85 suppliers available.
Although Flipper do all the work, you are always in control. You can set your own ‘Switch Preferences’, such as only being switched to tariffs which are 100% green (1 in 5 Flipper members are on a Green energy tariff) and if you don’t like a deal Flipper find just let them know and you won’t be switched. No questions asked.
Finally, if you need to speak to someone, they have an award-winning team of energy experts on hand that you can contact by e-mail, live chat or over the phone. Calls are answered in around 10 seconds and you’ll get straight through to a real person who’ll be happy to help.