{"id":2069,"date":"2020-02-17T11:47:50","date_gmt":"2020-02-17T11:47:50","guid":{"rendered":"https:\/\/checkaco.com\/blog\/?p=2069"},"modified":"2020-02-17T11:47:51","modified_gmt":"2020-02-17T11:47:51","slug":"before-you-switch-energy-companies-read-this-and-save-money-and-heartache","status":"publish","type":"post","link":"https:\/\/checkaco.com\/blog\/before-you-switch-energy-companies-read-this-and-save-money-and-heartache\/","title":{"rendered":"Before you switch energy companies &#8211; read this and save money and heartache"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2020\/02\/Robin-Hood-Energy-1024x575.jpg\" alt=\"\" class=\"wp-image-2070\" srcset=\"https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2020\/02\/Robin-Hood-Energy-1024x575.jpg 1024w, https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2020\/02\/Robin-Hood-Energy-300x169.jpg 300w, https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2020\/02\/Robin-Hood-Energy-768x432.jpg 768w, https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2020\/02\/Robin-Hood-Energy.jpg 1180w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Before you\nswitch energy companies &#8211; read this and save money and heartache<\/p>\n\n\n\n<p>Last year nine\nenergy firms went bust in the UK meaning nearly a million people lost their\nenergy company of choice as they were automatically switched to a new one. Many\nof those customers were in credit and won\u2019t get their money back from their\ndefunct supplier. Instead Ofgem allocates the customers of the bust company to\na different utility company on a new tariff although those in credit will not\nlose their money but they are in effect they are loaning energy firms money by\nbeing in credit. And those energy firms use this interest free credit as cash\nflow \u2013 free money from their customers. It\u2019s wrong and especially when they\nmismanage their business and collapse.<\/p>\n\n\n\n<p>By doing a\ncredit check with Checkaco on your energy supplier you can see if they are\nabout to go bust or have long term financial problems.<\/p>\n\n\n\n<p>In 2019 Breeze\nEnergy, Toto Energy, Uttily Energy, Eversmart Energy, Solarplicity, Cardiff\nEnergy Supply, Brilliant Energy, Our Power and Economy Energy all went bust. In\n2018 eight suppliers went out of business and last year a further five firms\nwithdrew from the market.\n\nIf you are one of those whose energy supplier\nhas gone bust you are likely to lose out in interest on the credit you have\nwith them, plus the hours of heart ache and worry as you try to find out what\u2019s\nhappened. For just \u00a33.85 if you are planning on switching to a new supplier you\ncan find out their history, their debts and who their directors are and make a\njudgement on whether they are trustworthy. All eyes are on Robin Hood Energy at\nthe moment. In October the company almost went bust owing \u00a39m but were saved by\na last minute loan by Nottingham Council. The council want the loan repaid by\nApril \u2013 it Robin Hood Energy can\u2019t repay it by then they\u2019ll go bust leaving\nthousands of customers high and dry.&nbsp;\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before you switch energy companies &#8211; read this and save money and heartache Last year nine energy firms went bust in the UK meaning nearly a million people lost their energy company of choice as they were automatically switched to a new one. Many of those customers were in credit and won\u2019t get their money [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[210,211,212],"class_list":["post-2069","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-breeze-energy","tag-toto-energy","tag-utility-energy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Before you switch energy companies - read this and save money and heartache -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/checkaco.com\/blog\/before-you-switch-energy-companies-read-this-and-save-money-and-heartache\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Before you switch energy companies - read this and save money and heartache -\" \/>\n<meta property=\"og:description\" content=\"Before you switch energy companies &#8211; read this and save money and heartache Last year nine energy firms went bust in the UK meaning nearly a million people lost their energy company of choice as they were automatically switched to a new one. 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