Feb 05, 2017 07:16 PM EST
Two of the Big Six energy suppliers are considering introducing a loyalty programme to improve the extra expense of standard tariffs. The purpose is to help 10 million customers currently paying too much for energy but who do not want to switch.
Npower and EDF Energy told MPs they were considering reward programmes to help customers who stay with them. According to Npower, it could include a free boiler service for such customers. It follows pressure from the Business Secretary, Greg Clark, who told MPs on the Business and Energy Committee that clients who had been on standard variable tariffs for a long time should be rewarded.
Simon Stacey, an Npower executive, stated that his company was now actively looking at the idea and declared that his firm could provide its standard customers with a free boiler service, and that they've done a trial of that, to see whether it resonated with clients.
Dan Hopcroft, the residential sales director of EDF energy, declared he was looking at a loyalty proposition. The Competition and Markets Authority (CMA) stated that up to 10 million customers have been on expensive standard tariffs for no less than three years.
Simeon Thornton, project director at the CMA, told the MPs that 56 percent of consumers have never switched supplier, or don't know if they have. Earlier this week the regulator, Ofgem, declared that it was going to start trials to see if there are more effective ways of persuading people to change supplier.
The energy trials are likely to start later this year, and they could involve tens of thousands of consumers. At the moment, the suppliers have to show their own cheapest tariff on bills, but not those of the rivals.
People who travel for business two weeks or more a month report more symptoms of anxiety and depression and are more likely to smoke, be sedentary and report trouble sleeping than those who travel one to six nights a month, according to a latest study conducted by researchers at Columbia University's Mailman School of Public Health and City University of New York.
President Trump said Friday he is declaring a national emergency on the southern border, tapping into executive powers in a bid to divert billions toward construction of a wall even as he plans to sign a funding package that includes just $1.4 billion for border security.
Amazon's decision to abandon plans to build a new campus in Long Island City, Queens, has drawn cheers from several politicians, community organizers and other locals opposed to the expansion.
One of the hottest topics at the World Economic Forum in Davos, Switzerland has been Alexandria Ocasio-Cortez's proposed 70% marginal tax rate on all income above $10 million.
In recent decades, Europe has experienced a downward trend in the annual number of deaths. Not only was this trend not arrested by the economic recession that started in 2008, in fact, the rate of decline increased during the recession years.
Discovering that your new designer handbag or gold watch is a fake is costly and annoying, and counterfeit medical devices or drugs could have even more serious consequences. But seemingly as soon as manufacturers develop a new method to ensure product authenticity, counterfeiters find a way to outsmart it. Now, researchers have created an "unclonable" tag that can never be replicated, even by the manufacturer. They report their results in ACS Applied Materials & Interfaces.
The traditional model for setting auto insurance premiums has been to base rates on the motorist's driving history, age, gender and even marital status (in some states). Thanks to new technological options, insurance companies, and motorists have started to work together to give the insurance companies access to better data on an individual driver's risk level, and give the same driver a sense of greater control over how much he or she will pay in insurance premiums.
Consumer brands have long used old-fashioned focus groups, interviews and surveys to best gauge consumer wants, desires and needs as part of processes that range from product development, to marketing and sales. As machine learning and artificial intelligence (AI) have emerged, there is an increasing interest in the ability to harness these solutions to save time and money, and to yield more reliable consumer insights.