How are we funded?
How does TheEnergyShop.com earn revenue?
TheEnergyShop.com offers a free and impartial service, which allow users to compare energy prices and tariffs from all licensed gas and electricity suppliers in the UK (apart from Northern Ireland).
The free part is very important to us, but obviously we need to try and cover our costs (if we can that is because with energy comparisons and energy switching, that ain't easy).
Running a complex price comparison site involves databases, application software, servers, hosting, bandwidth, data licences and - most importantly - people, and all of this costs money.
So to (try to) fund this site and to keep the service free to use, we have entered into commission arrangements with a range of energy suppliers. If we had a choice we would have preferred not to because, believe us, working with these guys is not easy. But it has benefits for you in a number of ways which are explained below.
How it works?
Each time you make an application to switch gas and / or electricity provider using our website we will earn a potential commission. That commission is only payable if the switch completes successfully. We earn between £15 and £30 per fuel for each successfully completed switch. On average the commissions we earn are way lower than sites like uSwitch, moneysupermarket and moneysavingexpert.
The advantages of using us to switch.
Firstly, it makes the switching process much easier for you because we can accept applications and send them securely and electronically to the supplier concerned.
Secondly, it things don't work out with your new supplier then you have an independent record with an independent party (that's us) as evidence of what you signed up to. And, we can help out with the switch process if needed.
Thirdly, it doesn't cost you anything. We don't charge you, and the prices you get will be the same as if you went to the supplier directly.
How can I tell which tariffs earn you a commission on?
On the results page, tariffs will have either an "Apply" button or an "Enquire" button. An "Apply" button allows you to make an application. If that application goes through successfully then we will earn a commission. If there is an "Enquire" button then you can't make an application and we do not earn a commission.
How do your commission deals affect the results I see?
The commission that we receive does not affect the way that the results are displayed on our results table. When you do a search the results are sorted by price starting with cheapest overall deal first. From here you then have multiple options of narrowing your search according to 14 different tariff categories and / or sorting the results according to a number of different options including supplier rating, product term or exit penalty amount. These are unique features that you'll only find on our website.
Before you get to the results page you'll be asked whether you'd like to see those tariffs that you can switch to through us or whether you'd like to see all tariffs including those that you can't switch to with us. If you select the option to view tariffs that you can apply to with us we'll return those where you have the convenience of being able to make the application there and then. If you select to view all tariffs then you'll see a broader range of options.
Why shouldn't I just switch with the supplier directly?
You could and some do. However, dealing directly with energy suppliers has its pitfalls. Some are listed below.
- You could spend ages waiting on the phone and when (if) you get eventually through you'll have to repeat everything all over again and / or have to deal with a sales rep that tries to sell you a more expensive tariff.
- Switching online with energy suppliers can be a lengthy and tedious process.
- Some energy suppliers don't even have online price quotes let alone apply functionality.
- If your switch goes pear shaped you are on your own. There is no third party with a record of your application. It's between you and the energy supplier. Good luck with that and don't say your weren't warned.
Just so you know - listed below are the energy suppliers with whom we have commission arrangements.
British Gas (includes Sainsbury's Energy)
SSE (includes M&S Energy, SSE Southern Electric, SSE Scottish Hydro and SSE Swalec)
And one more thing:
TheEnergyShop.com does not sell customer data to third parties. Never have. Never will.