The Deposit Protection Service has teamed up with Comparethemarket in a bid to offer utility deals to tenants.
Renters who have their deposit secured by The DPS will have easy access to switching their energy and broadband provider via a link on the platform website.
A statement from the two companies says the arrangement will cover energy and broadband on The DPS website for tenants that have logged into their account, giving renters the option to shop around for packages.
“We’re always looking for ways to support tenants, and our agreement with Comparethemarket will really help take some of the stress out of moving to a new property. Tenants who are moving or starting to rent for the first time can now easily access tools to help them identify good value deals on utilities and get the switch done at the same time as registering their tenancy deposit details” says Matt Trevett, managing director at The DPS.
Meanwhile Peter Earl, head of energy at Comparethemarket, adds: “Switching energy and broadband provider can save households hundreds of pounds of year, yet inertia is often a barrier to consumers switching their utility provider. The impetus behind the agreement between Comparethemarket and The DPS is to provide tenants in Britain with an easy and user-friendly option to shop around for good value deals on key utilities and to facilitate the process of switching provider.”