Energy switching service set to save you money on bills

Households across the country could be set to see their energy bills slashed with the launch of Myia, which claims to be the UK’s first intelligent energy switching service that automatically switches users to the cheapest available tariff, while constantly checking that they are on the best deal.

Myia is a free Intelligent Assistant, which claims to disrupt old world price comparison sites – saving consumers time, effort and money.

Myia handles every stage of switching tariffs, asking for information just once and then scouring the market to ensure the best energy plan and price. 

The Intelligent Assistant compares households’ usage patterns with both established and new energy retailers, before automatically switching the consumer to the cheapest or preferred available tariff. This is a continual process, with Myia constantly seeking a better deal and ensuring that its user is on the best tariff relative to time or usage.

Already launched in New Zealand with Saveawatt, it is reportedly saving consumers an average of 10-15 per cent on their energy bills and MyWave, the company behind Myia, expect this figure to be higher for UK consumers.

Consumers can begin switching today by signing up at http://myia.ai and entering a few simple details.  

Geraldine McBride, founder and CEO of MyWave says, 'There are 27 million households in the UK, yet only a fraction of these are switching their energy bills to get the best deal. This is the result of unnecessary friction and causes significant waste in the UK energy market. 

'Myia revolutionises the way household energy is bought and sold by bringing about a more efficient market place which better serves customers.  As a consumer, you are now able tosave hundreds of pounds per year on bills and get time back in your life to enjoy the things you love.'

Energy retailers will also benefit as they can better understand their price points, bring in useful related services that add value to their offering and ultimately better serve their customers, McBride adds.

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