A tech platform claims to have developed a means of optimising energy costs on landlords’ voids.
When rental properties are empty and no energy used, standing charges of 10p to 80p per day are incurred for for electricity and from 5p to 60p per day for gas.
Tech firm Muuvo says opening a void account when tenants vacate allows it to ensure the unit price and standing charge are correct and do not exceed the current government price cap. The cap is due to be removed in July as energy prices continue to fall and Muuvo says in this case it will ensure a void property is on the best available tariff.
Muuvo also suggests the installation of smart meters when a tenant vacates to avoid landlords paying more than necessary when usage is charged on an estimated - and not actual - reading.
Energy switches, if required for the best deal, used to take weeks to complete and often clashed with new tenants; Muuvo says it can achieve this in a matter of days.
The Muuvo platform is free to use and provides access to all existing supplier data, enabling easy comparisons and the upfront provision of relevant information to all parties when setting up new tenancies in rental properties.
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