Big 6 beware, hassle free switching is here.
Plum is a finance savvy chatbot that uses AI to help you manage your money, save, invest, and be better off. In ‘Savings Squad’, we feature all the best tips and tricks to help you make the most of your money. You can also join our Facebook group of people saving with Plum for more tips and advice from real users.
How Plum is making sure you never overpay on your energy bill again.
There’s a chill in the air but don’t worry, Plum has got your back.
This time of year all anyone can talk about is energy bills [insert winter is coming GOT reference here]. We all know switching energy providers will probably save us a lot of money, about £300 on average according to Ofgem.
The thing no-one seems to be doing much about, is the fact that we still don’t switch.
With all the articles and experts out there telling us to switch and save, still we put it off. The simple fact is if you haven’t switched in the last 12 months you are overpaying and the big 6 are relying on you to not bother changing to keep raking it in.
But you knew that right?
Plus the cap will fix all this won’t it?
Wrong. The cap will save some people £50-£100 and is unlikely to improve anything in reality as Richard Neudegg, head of Regulation at uSwitch.com points out. The underlying cause of this issue identified by Which? managing director of home products and services Alex Neill, being the lack of competition in the energy market. The result is minimal changes coming in way too late, ignoring some of the most vulnerable and maybe even making things more expensive in the long run.
We can’t accept that. What we need is to put the power back in the hands of the consumer and smart tech to make it easy, and Plum has it.
We have launched a feature to allow people to switch in a matter of minutes (3 to be exact).
You don't have to remember to check your energy tariff or compare providers. Plum will send you a message if you are identified as bring overcharged on energy bills. You can also check this yourself by typing 'switch me' into Plum.
Plum will then tell you how much you could save by switching. In a few clicks you will be switched. Plum will deal with all the paperwork and make sure your previous provider knows you have switched. Switching won't require engineer or installer visits and there will be no exit fees or disruption to your supply. Simple, quick and fair.
If you decide not to go ahead, nothing happens, we will never share your personal data with any third party without your permission. You won’t be getting any unexpected calls, we are always careful to protect your privacy above all else.