Energy Switching for Private Landlords Community Switch Supported by.

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Presentation transcript:

Energy Switching for Private Landlords Community Switch Supported by

So, who are ? We have been involved in developing new enterprises and initiatives focussed on delivering the triple bottom line of economic, environmental and social benefits for stakeholders since Community Switch was formed in 2013 in response to a biased and uncompetitive energy market to help people access fairer and cheaper energy prices.

So, why energy switching? If you are a landlord, the lower the outgoings your tenants are paying the better the chance you have of getting your rent in full and on time. Equally, if you are a landlord and you are including energy in your charges to tenants, you want to be on the best possible tariff to optimise your earnings. Either way, switching energy supplier will be beneficial to you. Did you know the difference between the best and worst energy deals in the market is as much as 41% (for an average UK home using 12500kwh of Gas and 3100kwh of Electricity), that is £552 a year. The Smart meter roll out has the potential to give you much greater control and increased flexibility

So, why energy switching? Community Switch have been working with Social landlords for over 2 years to help tenants all over the country save money on their energy bills and landlords protect their revenues. As Salford City Councils preferred energy switching service Community Switch wants to help local landlords and residents reduce their energy costs. Having helped over 9000 households Community Switch’s in-house team are knowledgeable and experienced in this sector and used to dealing with disengaged customers with energy debt and pre-payment meters

Why? - The Energy Market & The Big 6 Estimated 90% of UK households with Big 6 supplier (This is falling as smaller suppliers provide better services and prices) Up to 65% of UK households on Standard variable tariffs, often by default (Everyone is put onto a SVT when they register at a new property) Standard tariffs are vulnerable to price increases and in the main the most expensive credit tariffs 4.5m or 16% of homes in the UK have PPMs costing much more than paying by bill (This is roughly 21% in Salford) Official statistics from Ofgem show the average dual-fuel bill for gas and electricity has increased 141% since Disparity in price for identical usage as high as 41% due to payment method and tariff between suppliers

Energy switching services are generally based online or rely on inbound calls. The market relies on empowered and engaged individuals and is only about 12% of UK households Lack of awareness of market leaders and savings available. General mistrust of energy suppliers after years of negative reporting A lack of understanding of energy bills is a key factor Why do we do it? - People just do not switch

Local results - Salford

Over 9000 households have switched Over £750,000 saved from energy bills Average savings for dual fuel energy customers £164 Average savings for pre-payment meter customers £58 Results do far - Overall

What happens next? - Get involved If you are interested in finding out more about how we can help you and your tenants make savings on the cost of energy there are a number of ways of reaching us. Whether it is for a one off enquiry, or to review your portfolio, for you home or for you other properties, we’ll be able to provide clear helpful advice Try the service for yourself, either; a)Visit the website b)Call us on c)Text SWITCH to d) your details to / follow us on and like us on Facebook

Questions