The 5 myths that stop you saving big money on your energy bills

by Jane Lucy | April 30, 2018

In rip-off Britain, the energy market is broken. Less than 20% of us switch suppliers every year and it’s costing households an estimated £5 billion pounds in overcharged bills annually.

The Labrador is here to blow apart the myths that stop you switching and give a solution that will save you hundreds of pounds a year on your bills.

Here are the top 6 myths holding you back from a better deal on your energy bills, and how to start saving for free.

Myth #1 Switching is a logistical nightmare

Switching energy suppliers all happens behind the scenes. You don’t lose supply, have to wait at home for a technician, or be stuck without power while it’s being switched. Plus if you switch suppliers you always have 14 days to cancel if you decide to change your mind.

Myth #2 Switching isn’t worth the effort

It can feel like such a hassle to switch supplier. Then, when you finally muster the motivation to switch, rates change again and you’re back to square one.

It’s true for most comparison sites, but at the Labrador we’re using smart technology to fight back. We constantly monitor the market to find you cheaper energy deals, so we never miss a price change. We can then switch you to that deal without you needing to do anything, saving you time and money. If you have a traditional meter our technology can still work, and if you want a smart meter, we can fast track one for you too – so you never have to take meter readings again. Bliss!

Myth #3 You can’t switch if you’re renting

If you’re paying the bills, you can switch your supplier whether you own the property or not. It’s a nice courtesy to let your landlord/agent know, but ultimately it’s up to you. So no need to stick with a supplier and pay more than you have to! The Labrador is designed to help renters take full advantage of switching to cheap energy deals.

For instance, if you have less than 12 months left on your rental agreement you can set your Labrador preferences to avoid tariffs fixed for longer periods, or grab the savings that often come with fixed terms, as long as there’s no fee to cancel early.

Myth #4 Switching could cost me more

It’s free to switch your energy supplier and it’s free to use the Labrador. This is because suppliers pay, so you don’t have to. What’s more, with the Labrador, given our service is personalised to you, you will never have an empty savings promise from us. Plus, with us you can track your savings in real time, making us the first fully transparent switching service in the UK.

Myth #5 Switching is always a hassle

That’s true with traditional comparison sites but not with the Labrador. Comparison sites get you to put in the same details every time you want to switch and force you to do the leg work comparing different suppliers and tariff choices. It’s confusing, complicated and boring. So it’s not surprising most of us don’t bother. The energy companies know this, so a lot of us end up on higher tariffs, paying more because of our loyalty. It’s a rip off that we at the Labrador are putting a stop to.

The Labrador is a game changer as our promise is that we will guarantee you cheap energy forever. After sign up, you never need to do anything again. Labrador will take care of it all for you, so you don’t have to.

Moving to the Labrador is easy. Simply set your preferences (such as whether you want only suppliers with high customer service ratings, or just go for the cheapest), and the Labrador will get to work finding you the right provider, with great savings. We can either auto-switch you, which you always have 14 days to cancel, or send you a switch recommendation for you to accept, so that way you are always in control.