Customers of ScottishPower will soon be able buy gas and electricity in bundles of days.
A new system is being introduced by ScottishPower, which will give customers the opportunity to buy gas and electricity in bundles of days, rather than signing up to standard or fixed-price deals.
It also allows customers to track their usage via an app called “PowerUp”, in response to customers calling for more transparency, simpler billing and greater convenience.
The system is an attempt to simplify energy bills, based on the way people fill up their car with petrol or buy data bundles with a mobile phone.
The packages available to customers range from one day up to six months upfront at a set price. Energy is taken out of the “store” as it is used and if it isn’t used on a given day, no charges will be applied. The use of real consumption data will be used to calculate a personal daily price, allowing customers to easily understand their total spend.
ScottishPower have been piloting the scheme and says is could transform the way consumers buy energy.
ScottishPower Chief Executive Keith Anderson said: “We’re saying to people buy it by the day, not by kilowatts or a fancy tariff you don’t understand.
“You go to the garage and put £50 in your car. Inherently you know that will last you two to three weeks.
“We thought why don’t we do the same thing with energy.”
“PowerUp” will be launched to exisiting customers initially, and the company will then consider whether to open it up to the wider market.
Industry regulator, Ofgem has welcomed the new approach, saying: “We want more competition to increase choice and drive down prices for consumers.
“We encourage suppliers to offer new innovative tariffs to help people engage in the market and find the best deal which suits them.
“Innovative tariffs can be tailored to an individual consumer’s needs and give people more control over their energy bill and how they pay for it.”
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