Bosses of a South Tyneside company say they’ve helped their clients save £1million and created 18 new jobs since launching last year.
U Compare, based in St Bede’s Chambers, Jarrow, was set up in October last year to give advide on saving on energy costs, by former call centre workers Kieran Lowe and Anthony Heaton.
We contact consumers who are believed to be paying the most for their energy through prepayment meters and offer them the cheapest deals.Kieran Low, U Compare director
Since then, they say they’ve helped 8,084 customers save an average of £124 on their energy bills, adding up to £1million between them.
Mr Lowe said: “We contact consumers who are believed to be paying the most for their energy through prepayment meters and offer them the cheapest deals.
“We also offer the convenience of topping up their meters through a mobile app or on the internet as well as going to the shop, which helps a lot of people with kids and disabilities who find it hard to get to the shops. However, we still offer comparisons and savings for all types of payment, such as quarterly bills and direct debit.”
When the company started up, it employed eight staff, but now has 26.
Mr Lowe, 24, added: “We have had a great response from our customers on our Facebook page and we have started to branch out by creating a referral scheme aimed at individuals who can help out family and friends and also reach out to businesses such as estate agents and housing associations so we can be a point of contact for a hassle-free quotation to find people the best deals.
“We are also creating our first event, between August 17 and 20, where anyone can pop into our office, have a cup of tea or coffee with a biscuit and bring their energy bill in so we can give them free advice on the best tariffs.
“We’ll also let them know about schemes such as the warm home discount to see if they qualify, along with additional help to get bills down.
“It was only published a few weeks ago how 70% of consumers are being overcharged on energy bills and can save an average of £160 by frequently switching to the best deals, and that’s what we want to help them do.”
n Find out more at www.facebook.com/ucomparene and www.ucompareuk.co.uk