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Utility Warehouse (UW) has today launched a new customer referral scheme, putting £4.2million back into household budgets. Customers who introduce their friends and family to UW can make crucial savings on their utilities at a time when they need it the most, receiving £50 off their bills with every referral.
With no limit on the number of people they can refer, customers could “pay for their energy bills” by referring multiple customers a month.
New customers who sign up to UW using the referral scheme will receive a bill credit which increases in line with the number of services they take.
According to the provider, those who take two services, such as energy and broadband, will receive £100. And new customers who take three services or more will receive a bill credit of £200.
Stuart Burnett, co-CEO of Utility Warehouse, said: “At UW we want to reward our customers and help them save more on their bills at a time when they need it the most. That’s why we’ve launched our new customer referral scheme which can help new customers save up to £200 on their bills.
“When coupled with our energy savings of £125 when our services are bundled together, customers can now benefit from even bigger reductions on their bills this winter.”
UW’s referral scheme is just one of the many ways the multiservice provider is helping customers save money.
UW customers have access to some of the cheapest energy prices in the market at £125 below the Energy Price Guarantee. This is a total saving of £30million across the year for its energy customers in the UK.
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How does the UW referral scheme work?
People will receive a personal link after visiting the relevant page on their profile. They can then share this with as many friends as they like.
To receive the referral bonus, the friend must be a homeowner and they must sign up for at least two eligible services from energy, broadband, mobile, and insurance (Boiler & Home Cover or Income Protector only).
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When the friend’s services go live, the referrer will get £50 off their next bill and the friend will get up to £200 off theirs.
The launch comes as UW research reveals that more than one in ten Britons (12 percent) are considering using refer-a-friend schemes to save and earn money, during these tough times. Some of the most popular word-of-mouth schemes include food delivery services (49 percent), taxis (42 percent) and gym memberships (39 percent).
However, when looking into where they could easily save, one in ten (10 percent) said they were unsure if their energy or utility provider has a referral scheme.
While nearly a quarter (24 percent) of Britons see referral schemes as a great way for both parties to earn and save money, there are some referrers they trust more than others.
Friends are seen as the most trusted, with 46 percent saying they would take a referral from them. Mum comes in second, with a third (32 percent) choosing her over any other, followed by their siblings (29 percent sister and 28 percent brother).
Wary not to trust everyone, however, a third (33 percent) say there’s always one friend they’d never take a referral from.
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