pjc50, a very good question. There are many 'comparison' sites out there. Some are government run (energize CT), some are energy brokers (chooseenergy) and others are bundlers (comcast energy rewards) and of course the two you called out.
All of these sites have one or more of these drawbacks:
1) you have to do the research and switching yourself. Given the best rates are on short term contracts this is every 3-6 months.
2) you are not getting the best deal as they are being funded by the supplier as fees or a spread above the true rate
Utiliz differentiates itself by continuously monitoring the market and switching you as often as needed to guarantee you the best rate, all without you lifting a finger - it's a concierge service. Additionally by charging one transparent annual fee and passing through all the savings to the consumer we put the power back (pun intended) to the customer.
Our models show that this could be significant revenue in itself but the big idea here is that the energy market is massively inefficient. Think about trading stocks before exchanges--there were no standards and it was a pain. If we can get enough customers to drive standardization in the market we could revolutionize this industry and realize the original vision of what deregulation was meant to be.- Tom
Utiliz differentiates itself by continuously monitoring the market and switching you as often as needed to guarantee you the best rate, all without you lifting a finger - it's a concierge service. Additionally by charging one transparent annual fee and passing through all the savings to the consumer we put the power back (pun intended) to the customer.
Our models show that this could be significant revenue in itself but the big idea here is that the energy market is massively inefficient. Think about trading stocks before exchanges--there were no standards and it was a pain. If we can get enough customers to drive standardization in the market we could revolutionize this industry and realize the original vision of what deregulation was meant to be.- Tom