Zopa Launches Energy Switching and Comparison Service
- Personal Finance
- 27.01.2021 10:59 am
Digital bank Zopa is now offering its app users the chance to compare energy offers which could save them money each month. Offered within the Zopa app and free for anyone to use, money saving deals can be found in minutes.
Teaming up with Decision Tech, part of the MoneySuperMarket Group, Zopa will show customers available energy suppliers alongside highlighting how much money they could save by switching. According to MoneySuperMarket data, simply switching to a different provider could help people save £286* annually on their energy bills.
Zopa app users can simply find their individual offers by entering their postcode into the search engine and confirming their current energy price. Zopa then provides users with a list of energy providers available to them indicating the amount of money they could save. Customers choose which provider they would like to switch to within the Zopa app, and the whole journey takes as little as 3 minutes. If customers don’t find the right deal for them, alerts can also be set up so Zopa can share better deals that will be available in the future.
Clare Gambardella, Chief Customer Officer at Zopa, said: “People are generally reluctant to switch energy providers, but it is one of the easiest ways to cut down on monthly outgoings. We wanted to make it as simple as possible for people to identify how much money they could save on gas and electricity so that they can feel good about their money as they head into 2021.”
Anyone can use Zopa’s comparison energy switching service, all people have to do is download the Zopa app to start searching. The energy saving option will sit alongside the other free service within the Zopa app, the credit score and credit health tool Borrowing Power that gives users tangible ways to improve both their credit score and Zopa loan rates. Other products from Zopa can also be found in the app, including its innovative credit card and fixed term savings account.
Clare continued: “We’re on a mission to show people that simple, good value products are out there in the market to help them save money. Finding the best deals, rates and services available shouldn’t be difficult, that’s why we’re adding more tools to our app that help people gain better control over their finances.”
· *51% of customers that applied to switch via MoneySuperMarket could save £286.50, June 2020