Top Banner
Utility Bills: Customer Engagement
20

Utility Bill Customer Engagement

Jan 22, 2018

Download

Business

Jendev
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: Utility Bill Customer Engagement

Utility Bills: Customer Engagement

Page 2: Utility Bill Customer Engagement

A significant number of customers do

not look at their energy bill

Energy and Climate Change Committee, 2012 (Consumer Engagement with Energy Markets: Fifth Report)

Page 3: Utility Bill Customer Engagement

Therefore for many, energy is a low

involvement product

Page 4: Utility Bill Customer Engagement

Attitudes differ depending

on how customers pay

Page 5: Utility Bill Customer Engagement

Manual payments such as cash or cheque

generate greater levels of involvement

Page 6: Utility Bill Customer Engagement

Automated payment methods

have gained in popularity and

reduce the ‘cost to serve’

Page 7: Utility Bill Customer Engagement

Utility bill engagement is therefore trending

down as payment methods change

Page 8: Utility Bill Customer Engagement

Increasing consumer engagement levels is important

Page 9: Utility Bill Customer Engagement

Understanding consumption patterns helps consumers to select

tariffs best suited to their individual needs

Page 10: Utility Bill Customer Engagement

If customers find bills

confusing or uninteresting,

engagement is likely to

reduce

Page 11: Utility Bill Customer Engagement

86% of 1,020 individuals

surveyed complained that

their bills were too confusing

uSwitch, 2013, (Over-complicated household bills are leaving

consumers vulnerable to over-charging)

Page 12: Utility Bill Customer Engagement

Customers have said that bills use too many jargon

words and have information which is difficult to find

uSwitch, 2013 (Over-complicated household bills are leaving consumers vulnerable to over-charging)

Page 13: Utility Bill Customer Engagement

Bill design is therefore important

to customer engagement

Page 14: Utility Bill Customer Engagement

Technology is changing the way consumers and

utilities interact

Page 15: Utility Bill Customer Engagement

Smart technology provides

a platform for greater

interaction & engagement

Page 16: Utility Bill Customer Engagement

Portals displaying smart meter

reads will enable consumers

to interact more frequently and

in greater depth

Page 17: Utility Bill Customer Engagement

Consumption information will be more detailed and easier to

interpret than a traditional bill

Page 18: Utility Bill Customer Engagement

• A number of factors affect customer engagement

• Technology has an important role to play

• Pro-active utilities could reap the rewards of closer customer

relationships

In summary…

Page 19: Utility Bill Customer Engagement

For more information

[email protected]

+44 (0)1534 505364

Page 20: Utility Bill Customer Engagement