Millions of families in Britain have wasted more than £1,000 overpaying on energy bills by failing to switch providers in the past five years, new analysis has revealed. Research by household money-saving tool Nous.co found that 7 million people, 15 per cent of the adult population, have lost out because they have never changed suppliers for gas and electricity.
Consumer champion Greg Marsh has warned that households who have lost out are still paying more than they need to. Greg, founder and CEO of Nous.co, said: “Having to switch suppliers regularly is a huge pain, which is why so many people have never done it. Even when deals were rife, many households ended up on the wrong one and missed out on big savings.
“We started Nous.co to help people navigate this minefield. Right now, for instance, we can save most households more than £100 on their energy even without signing up to a fixed contract by securing deals most people don’t know about.”
