A 鈥榮ocial good鈥� entrepreneur and energy expert has launched WattsWatt.co.uk, a new national service aiming to stop households overpaying for energy and unlock what it claims could be 拢3.8 billion in savings for 19.7 million households on the price cap.聽
The free-to-use platform offers a 鈥楴ever Overpay Guarantee鈥�, showing 鈥淎LL tariffs from ALL suppliers鈥� in a single price-ranked list and allowing smart meter users to opt in for a tariff check every three months, with support also available via a phone line on 03306338811.聽
WattsWatt positions itself as an independent, impartial social enterprise with no affiliations to suppliers, adding features such as smart-informed tariff results, a home energy 鈥渉ealth check鈥� linking users to decarbonisation schemes, and a community energy matchmaker service called WattsWhere
The company was founded last year by serial entrepreneur Lisa Malyon and engineering veteran Richie Pearce.聽
Malyon began her career in PR before founding several companies, including the Sutton Apprenticeship Hub, Sense, FloGO Healthcare Products and Indoor Air Aware.
Pearce, meanwhile, has spent his career in engineering roles at big name companies including EuroTech, The AA and Utilita Energy. He also recently founded SaaS firm Made for Good.聽
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On the company鈥檚 launch, Malyon said: 鈥淭he price cap has created a false sense of protection for households, resulting in millions of people rationing heat when they could be getting as much as 14% more heat for the same amount of money. How has this been allowed to happen?聽聽
鈥淭he other big barrier stopping households unlocking more energy for their money is price comparison sites.聽
鈥淥ne of the biggest – Uswitch – claiming to serve 63m people each year – doesn鈥檛 show the cheapest tariff by default, meaning households are more likely to see and choose a more expensive tariff.聽
鈥淢eanwhile, energy suppliers pay extortionate fees to appear in searches, with no other choice but to recover the costs via energy bills. It鈥檚 lose-lose for consumers.
鈥淲attsWatt flips this model on its head: fully independent, fully impartial – no hidden agendas. Just democratised access to life-impacting energy information.鈥澛�
Pearce added: 鈥淢ost of the technology needed to fix energy affordability already exists, but hasn鈥檛 yet been put to work for households.聽
鈥淔or too long, people have been forced to make high-risk decisions in a system where information is partial, distorted or hidden altogether. We built WattsWatt to change that.聽
鈥淲e have been motivated by the initial response from households, and are working hard to bring even more innovative features to make energy easier for consumers.鈥澛�