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June 17, 2020

Smart Ideas for Saving Money on Your Gas & Electricity Bills

One of the smartest ways to save money on your energy bills is to compare gas and electricity suppliers. This is because the price of fuel seems to increase in price each year, and the company who had the best deal one year, may not be the cheapest in the following. year.

Fortunately, it’s easier than ever to compare gas and electricity suppliers using a price comparison site such as Utility Saving Expert. Simply answer a few basic questions about your current usage and you’ll be able to view the cheapest tariffs available to you. It only takes about 10 minutes to obtain a quote, and the process of switching has been streamlined, requiring very little effort on your part. Your household could be saving hundreds of pounds annually with a more competitive energy supplier.

To compare and switch energy suppliers, follow the five easy steps outlined below:

  1. Enter your postcode and select the fuel type you wish to compare.
  2. Select your existing energy supplier and add details about your current energy usage.
  3. A list of suitable tariffs will be presented to you, these can be filtered by price.
  4. Select the deal that is right for you.
  5. Confirm your selection and proceed to payment. You can now relax. You should be switched over to your new supplier within 21 days.

Why is comparing energy prices a good idea?

Customers who haven’t switched their energy tariff in the past few years are likely to be on a standard variable tariff (SVT). This is typically an energy supplier’s most expensive plan. By comparing and switching to a new fixed-rate or variable-rate deal, you could be saving hundreds of pounds each year on your domestic energy bills.

It’s important to know that there isn’t one provider who will always be the cheapest. This is why you should conduct an online comparison each time your existing deal ends. You don’t necessarily even need to switch away from your current supplier either. If you’re happy with your current provider, you can compare their other tariffs to ensure you’re paying a lower amount for your gas and electricity.

Which energy provider is the cheapest?

An energy supplier’s pricing will vary, depending on the region. Additionally, the amount you are expected to pay each month will largely depend on your gas and electricity consumption. Each energy company will target different areas of the country, whilst some will target the whole UK. Some firms even target varying levels of usage too. For example, you may be able to get a better deal with one supplier if you use a lot of gas and electricity, whilst other suppliers may offer you a cheaper rate if your usage is low.

Does my gas and electricity need to come from the same supplier?

You don’t need to buy both fuel types from the same company. You will be given the option to compare gas only or electricity only. If you do want both fuel types from the same supplier, select the ‘dual fuel’ option. For many customers, it’s more convenient to have both their gas and electricity supply from the same company, as it makes it easier to manage. However, it is worth comparing these energy sources from alternative firms as you may be able to save even more money.

Did you know that nearly four million households do not use gas for their heating in the UK? Furthermore, more than 50% of all non-gas households use electricity as their primary heating source, according to Ofgem.

What do I need to compare prices?

To compare gas and electricity prices, you just need your current address and a copy of your latest energy bill. If you don’t have your most recent bill, you can still compare prices by entering your average gas and electricity consumption amount, although your quote won’t be as accurate. Alternatively, you can obtain these details by contacting your current provider.

To make the switch, your contact and payment information will be required, as it allows your new supplier to take over your energy account.

Why am I currently paying so much for energy?

Your bill will largely depend on how much energy you currently consume. Here are a number of reasons why you’re likely paying more:

  • You’ve been moved over to a standard variable tariff as your fixed rate deal has come to an end.
  • Wholesale market prices have increased.
  • Energy is being lost as your home isn’t energy efficient.
  • Your meter readings haven’t been taken correctly and are inaccurate.

In summary, you should always compare energy tariffs once your existing deal has come to an end. By switching, you could save a significant amount of money each year on your bills. Online comparison sites such as Utility Saving Expert have made the whole process easier than ever, and it shouldn’t take more than 15 minutes of your time.

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About G. Tso