Energy Savings Alert explained

Energy Savings Alert explained

Save time and money by signing up to our Energy Savings Alerts – a personalised service that lets you know when there’s a better energy deal available, based on your preferences.

Mubina Pirmohamed From the Energy team
4
minute read
posted

Why should I sign up to the Energy Savings Alert?

The alert, which is sent out once a month as an email, can help you stay on top of your energy costs. Some of the benefits include:

  • You’ll never overpay for your energy again – just sign up and keep an eye on your notifications. You could save time and time again, either by not staying on your current deal or rolling onto a more expensive tariff
  • You can set your energy savings preferences – you choose the type of tariff, the minimum savings you want us to look for, and whether or not a supplier rating matters to you
  • You’re in full control – we’ll never automatically switch you over to a new deal. We just let you know about better tariff deals from our providers, including any price saving. The choice to switch provider remains up to you.  

Does it cost me anything to use the service?

No, this hassle-free feature is free of charge and you can opt out of at any time. Our service is no different from the rest of our comparison offering: we’re paid a fee each time someone switches their gas or electricity, having found their new supplier through us. Don’t worry, this fee doesn’t change the price you pay to the product supplier, nor does it affect the way we rank the products you’ll see.

How do I set up my Energy Savings Alert?

The first thing you’ll need is a Compare the Market account, so that we can store your preferences for your savings alerts. Then just follow these three steps:

 

Step 1

Sign into your account and use a previous quote, or start a quote by answering a few questions about your energy 

It’s helpful if you have your most recent bill to hand – or at least know your current provider and how much you pay each month – so we can make an accurate comparison between your tariff and any new deals. 

We can provide you with quotes without knowing your provider, but as we won’t know about any potential exit fees it’s difficult for us to be sure on the exact savings you could make. Also, we’ll need to know your current tariff end date as this is critical in working out the savings calculation in some types of tariff.

Step 2

Set your preferences to activate your Energy Savings Alert 

Once you’ve completed Step 1, you’ll see any savings available today and you can set your preferences on the top right hand corner of the page above your results. To set your preferences, you’ll need to tell us: 

  • Which type of tariffs you’d like to hear about – either fixed rate or variable. 
  • Your preferred payment plan – choose between monthly, quarterly or pay on receipt
Split 1
  • Whether or not you’d like to set a minimum supplier rating – you can choose between 5-star, 4-star & up, 3-star & up or ‘any’ 
  •  Whether you’d like to edit your minimum savings figure – that’s the price at which we let you know about more competitive deals (for the majority of customers this will be inclusive of any exit fees). This will be set by default to a saving of £50 or more annually. You can change this to £100 and £150.

Step 3

Review and check the savings available 

Once your Energy Savings Alert is activated, you’ll be able to see the savings available that day. Plus, we’ll regularly search energy tariffs and alert you when we find a deal that meets your preferences. If there are better deals available, you’ll still be in control of whether or not you want to switch. If you want to edit your alert preferences, you can do so at any time.

How can I edit or delete my Energy Savings Alert?

After you’ve opted in, you’ll be able to edit your preferences at any time in ‘Your account’ by selecting the energy icon and clicking ‘Update Savings Alert’ under your quote details. Here, you’ll also be able to delete the alert. To see how we use your information, have a read of our privacy policy.

How often will you contact me about my Savings Alert?

We’ll send you an email or a notification no more than once a month. We won’t spam you, we’ll just confirm that based on the information you’ve provided and the assumptions we’ve made you’re still on a great deal for you, or we’ll let you know about a better one that meets your criteria that you can switch to.

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