A new energy club which promises to keep its members on the cheapest gas and electricity deal by monitoring their tariff could finally shift the market in favour of consumers, according to its founder.
Martin Lewis, the consumer champion behind MoneySavingExpert.com, said that he hopes that the launch of his newest venture, The Cheap Energy Club (CheapEnergyClub.com), will encourage households who have been languishing on poor value deals to switch and save hundreds of pounds annually as a result.
The website will monitor users energy tariff to ensure that they are on the cheapest gas and electricity deal according to their usage and will alert members to a more affordable deal. If by switching, an energy customer can save more than a threshold they set – as little as £25 a year – the Cheap Energy Club will then move on to the new tariff and pay you £30 cashback.
“The energy market is broken, competition is failing, consumers are being shafted, and with continued price rises the underlying roar of dissatisfaction is growling louder,” said Mr Lewis.
“Many people are confused, scared or disaffected with the idea of switching energy. For a long time people have said to me ‘can’t you just do it for us?’. Cheap Energy Club is a step closer to us being able to say yes.”
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