Comparison site Energy Helpline collapses into administration

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Comparison site Energy Helpline collapses as it becomes the latest casualty of the energy crisis

By Daily Mail City & Finance Reporter

Published: | Updated:

No deals: Energy Helpline has collapsed into administration after 20 years trading

Comparison site Energy Helpline has become the latest casualty of the energy crisis after collapsing into administration.

The 20-year-old website provides a free energy switching service to help customers find the best gas and electricity deal.

But soaring energy prices prompted suppliers to withdraw their cheapest tariffs in September. And since then, consumer experts have advised households against switching.

Many major comparison sites were forced to halt their energy switching services as a result.

Even though some are up and running again, the only deals available are hundreds of pounds more expensive than if customers just remained on their provider’s standard tariff.

Fundraising Innovations Ltd, which trades under Energy Helpline, appointed administrators Ernst and Young on April 1.

The firm, which employs 145, reported a £243,551 pre-tax profit in 2020.

Last night the website still operated. But when the Mail performed a search through the site, a webpage said it was ‘unable to find cheap deals’.

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