Comparison website comparethemarket.com has launched a major update to its energy comparison app â€“ Snapt â€“ enabling people to scan the Quick Response (QR) code on their energy bills simply byÂ pointing their smartphoneâ€™s camera at the code.
According to Ofgem, the majority of energy suppliers are now legally required to include a QR code,Â containing a customersâ€™ tariff and consumption data, on all bills from 1 July 2015. The requirement hasÂ the potential to revolutionise the energy market, by making it clearer and easier to compare tariffsÂ online and switch provider.
Snapt scans the code and uploads this data directly from peopleâ€™s bills. This information is automaticallyÂ fed into comparethemarket.comâ€™s comparison engine.
At the press of a button, consumers can compare the best energy tariffs on the market â€“ the entireÂ process takes roughly ten seconds. comparethemarket.com Â claim that households stand to save, on average, Â£273.56 on their annualÂ energy bill by switching.
Commenting on the launch of Snaptâ€™s QR code reader, James Padmore, Head of Energy atÂ comparethemarket.com said:
â€œThe energy market is broken. Consumers struggle to make sense ofÂ energy bills and too many remain on uncompetitive tariffs because they are unsure of how to compareÂ deals based on their current usage and expenditure. The introduction of QR codes, led by DECC andÂ Ofgem, is a positive move and significant step in the right direction to help fix the market, and ourÂ updated app will help to maximise its potential.
It is vitally important that, beyond simply including themÂ on bills, energy companies clearly communicate the purpose of the codes. Using QR codes effectivelyÂ will give more people the confidence to compare tariffs and switch to the best one, possibly savingÂ themselves hundreds of pounds.
This is a major step-change by the energy market and we are proud to be one of the first providers toÂ offer QR code scanning of energy bills. We have harnessed our technological innovation to produce aÂ first class comparison service that is simple, quick and fun to use.â€
Snapt is available for both Apple and Android phones. Here’s the process for comparing energy bills:
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