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 2011. 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 2004.

• 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 - SalfordSavings Statistics for Salford

EHL Total savings Utilita Total savingsTotal Total savingsAll 134 £143.43 £19,219.30 401 £44.57 £17,872.41 535 £69.33 £37,091.71Dual Fuel 86 £170.63 £14,674.06 296 £43.18 £12,780.24 382Electric Only 44 £97.30 £4,281.36 105 £48.50 5092.17 149Gas Only 4 £65.97 £263.88 0 0 4Free energy Credit £3,485 £3,485Largest saving to date £223.65 £98.00Fuels / Supply points 220 697 917Online / Direct 23 8 0Optilead 4 0 4CSL Call centre 102 27 12

Total savings to customer £19,219.30 £21,357.41 £40,576.71

Over 9000 households have switchedOver £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 involvedIf 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 www.community-switch.co.uk

b)Call us on 0300 303 0025

c)Text SWITCH to 60777

d)Email your details to referrals@community-switch.co.uk

leigh.fairbrother@community-switch.co.uk

07810 518473 / 0151 559 1207

follow us on twitter @communityswitch and like us on Facebook https://www.facebook.com/CommunitySwitch

Questions