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Buyer found for energy switching site Flipper

Written by: Paloma Kubiak
Pay upfront energy switching site Flipper has been bought out of administration by Wessex Water, which plans to 'invest significantly' in the business.

Flipper is an energy switching site charging users £25 a year. As part of the service, it scours the energy market every quarter and handles the switch process to make sure users are on the cheapest energy deal. It will only switch if it finds a deal saving a minimum of £50 after any exit penalties.

Last week Flipper entered administration with James Snowdon and John Dickinson of Carter Backer Winter (CBW) LLP appointed as joint administrators, though it continued to trade.

Wessex Water has confirmed it’s acquired Flipper as it “underpins its commitment to help ensure customers get value for money, and an easier way to manage their utility services”.

David Elliott, Wessex Water group director of strategy and new markets, said: “Both Wessex Water and Flipper have the same vision to ensure customers are provided with excellent and affordable services.

“Flipper works by putting the customer first and takes away the pain of assessing complex tariffs and pushing commission-led deals. Quite simply, it ensures you’re on the best tariff and does all of the hard work for you. It’s all about doing the right thing for the customer and offering both value for money and a hassle-free way of managing utility bills.

“It was clear from when we first met that Wessex Water and Flipper share a common vision. We have exciting plans for further developing Flipper that ensures customers don’t overpay for utility services.”

Flipper confirmed its existing customers will continue to receive services as normal. It added that over the next few months it hopes to roll out a raft of new features and services.

Nigel Evans, chairman of Flipper, said: “Today marks a major milestone for Flipper and a huge vote of confidence in our innovative and disruptive business model to transform the energy market.

“Under the deal, Wessex Water has committed to invest significantly in the business. This will enable us to rapidly grow customer numbers in energy.

“We will also look to respond to the feedback from Flipper customers and expand our automated switching service to other household bills.”

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