Households could avoid a price hike and save up to £250 on bills with a free service. As energy bills are set to rise in July, one free money-saving service is helping households potentially save up to £250 a year on their bills by doing the hard work on behalf of users.
Millions of households may be spending more than necessary on their energy bills, especially with another price hike looming. Specialists are cautioning that average energy expenses are expected to climb by over £220 annually from July following adjustments to the Ofgem price cap, encouraging many families to seek methods of reducing expenditure without creating additional hassle.
For those lacking the time to compare tariffs, monitor contract expiry dates or dedicate hours to investigating suppliers, one complimentary service is assisting homeowners to potentially save as much as £250 each year. Created to handle the legwork for users, the tool automatically verifies whether households are overspending and locates better-value options when they are accessible.
Nous.co is an AI-driven money-saving platform that tracks household bills and spots opportunities to lower expenses. Instead of requiring users to repeatedly assess prices themselves, the service manages the process automatically, helping families avoid being stung by rising charges or costly renewal packages.
According to the firm, a typical household could save approximately £250 annually on gas and electricity compared with July's new price cap by switching via the platform. The savings arrive at a moment when numerous households remain on standard variable tariffs despite cheaper fixed arrangements being available with other providers, reports the Mirror.
The brand states that one of the primary reasons people overpay is simply because they lack the time or mental bandwidth to monitor fluctuating prices. Nous adds that data from YouGov suggests that 83% of Brits have not switched energy suppliers within the last 12 months, potentially missing out on considerable savings.
Shoppers can access the service via Nous.co or the app.
Greg Marsh, household finance expert and CEO of Nous, said: "With energy bills set to rise by more than £220 from July, millions of households are at risk of throwing money away by remaining on expensive variable tariffs when cheaper fixed deals are available. In fact, a typical household could save roughly £250 a year on energy alone compared to the new July price cap by switching with Nous."
"The problem is that most people don't have the time to constantly monitor the market, compare tariffs and manage the switching process. Nous removes that hassle by checking where households are overpaying, finding fair deals and handling the switch on your behalf."
The platform is not solely focused on energy, however. It monitors household contracts and renewals, aiming to help users steer clear of loyalty penalties and unexpected price hikes across a wide range of services.
MoneySuperMarket is another service worth considering. It offers comparisons of affordable energy deals and, according to their website, savings of up to £791 are available. Comparison website Uswitch operates in a similar fashion, offering deals across energy, broadband, SIM only and mobile phones. The site provides comparisons for major providers including BT, Sky, Plusnet, Vodafone, TalkTalk, Virgin Media and numerous others.
Nous.co has garnered largely positive feedback from its customers. One person said: "It was recommended to me, so thought I'd try and straight away my electricity supplier was changed and I'm saving over £300. I didn't have to do a thing, Nous did everything for me. I'll definitely recommend them."
Another said: "Nous informed me about decisions at every step of the way when having to switch to a new energy deal (which they found) and I didn't really need to do anything. Can recommend."
Some customers deducted a star from their rating, with one noting: "Nous have already saved us money, the comms was great and super helpful. The transition to a new provider was so smooth, and I really didn't have to do anything! Just dropped a star as the account set up with the new provider took a bit of sorting, and was resolved super quick though."
Another wrote: "The changeover was very straightforward. I have saved money by changing. The only downside is I haven't been able to set up an online account."
The overwhelming majority of customers expressed satisfaction, with one concluding: "Great experience. Easy instructions and replied to any questions immediately. Switching was so easy. I highly recommend it."
