How to keep your energy bills down during Coronavirus

How to keep your energy bills down during Coronavirus

Times are difficult for everyone at the moment. The coronavirus outbreak has caused massive changes to our lives and it has led to a lot of stress, mental health issues and worries about finances. Of course, people are concerned about job security and whether they’ll be able to receive the income they require to pay their monthly bills. Further to this, our energy bills are increasing because we’re at home for much longer than usual and are therefore using appliances more often than we ordinarily would.

Unfortunately, it can be difficult to find out where we stand with our energy suppliers because the bosses are also worried about their own businesses and customer service lines are either non-existent or so busy that it feels impossible to get through to anyone.

Thankfully, there are energy suppliers who have got things in order and are putting plans in place to help new and existing customers in these unprecedented times. 

Utility Point are one such energy supplier and their UP Support tariff is a great option for anyone looking to combat money issues. 

Who is Utility Point?

Utility Point is a Dorset based domestic energy supplier. The company was founded in 2018, co-owned by Ben Bolt and Simon Yarwood. They have gone on to become one of the fastest growing energy suppliers in the UK, growing to over 100 employees and 245,000 customers already.

Understandably, people are often wary of newcomers to this kind of market, but Utility Point have received several awards that show they’re the real deal. In March 2020, Utility Point was named as one of the Sunday Times’ Top 100 Small Companies to Work For. The company has also been awarded with the highest available three-star Best Companies rating so you know you’re in safe hands.

How to keep your energy bills down during Coronavirus

What is the UP Support Tariff?

The UP Support tariff has been specifically designed by Utility Point to help people with their energy bills throughout the coronavirus outbreak.

The supplier has identified that one of the major financial issues facing many people is that they are earning less, spending more on energy bills by working from home, or both. This can cause a variety of issues from increased stress and anxiety to people avoiding using appliances or even finding themselves unable to pay their bills.

With this in mind, the UP Support tariff helps to relieve some of the financial pressure by covering 50% of the cost of your energy usage for the first 3 months of your contract. 

How Does the UP Support Tariff Work?

When you sign up for the UP Support tariff, Utility Point will calculate your forecasted energy costs for the year and divide the total by 12. This will provide you with your average monthly payment amount.

The great news here is that for the first 3 months, you’ll only pay half of your monthly payment total. Once your total usage for these 3 months is calculated, half of your billed usage will be paid for by Utility Point.

For example, if your monthly payment amount was calculated to be £100, you’d only pay £50 per month for the first 3 months.

When money is tight, this kind of payment reduction can make a big difference. As the reduction applies to the first 3 months of the tariff, this will provide some immediate relief throughout the coronavirus self-isolation period and will free up cash to use on other important purchases.

Importantly, the tariff also has the benefit of being fixed. This means that you won’t suffer at the hands of price increases throughout the next winter. 

Who Can Join the UP Support Tariff?

The UP Support tariff is available immediately to both new customers and existing customers who wish to switch to the tariff.

However, it should be noted that this offer has limited availability and is likely to be popular so it’s worth getting signed up as soon as possible if you’re interested.

Things to Note

Utility Point customers have access to online account management. This will allow you to view statements and see how your first 3-month 50% discount has been calculated.

As a Utility Point customer, you’ll automatically be granted access to a Rewards scheme that will give you access to discounts to high street stores including Sainsbury’s, ASDA, Argos, Wilko, Boots, The Body Shop, and many more. 

Utility Point also has a referral scheme that will award you and the person you refer with £25 credit each as a thank you. This is another way to reduce costs for yourself as well as friends and family throughout the coronavirus outbreak. All you have to do is log in to your account, click on Refer a Friend, generate a personalised link and you’ll be rewarded whenever someone clicks it and signs up for a Utility Point account.

Ultimately, Utility Point’s UP Support Tariff is a no-brainer for anyone looking to save some cash over the next few months. With energy usage increasing, this is a great option to keep costs down as much as possible throughout these difficult times. Extra perks such as the referral scheme and rewards increase the appeal through further savings and earnings.

Knowing that your energy supplier took the steps to create a plan with coronavirus in mind gives peace of mind that you’re in good hands. The fact that the tariff is available to new and existing customers who sign up to this tariff, also means that nobody has to miss out on the 3-month 50% discount.

Perhaps the only downside to this, if there even are any, is that there is limited availability on this plan. Of course, this simply means that acting as quickly as possible will be the best course of action if you’re looking to make the switch.

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Written by themoneyshed

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