With energy costs continually rising, creating a massive financial burden for most consumers, it’s little wonder that lots of people switch energy suppliers in the quest to find the cheapest deals. But how straightforward is it to switch over? And what sorts of things should you consider beforehand? Read on to get the low-down.
Why switch energy suppliers?
Energy tariffs can be confusing, and when suppliers keep putting their prices up, it can cause consumers to feel frustrated. Many people look for cheaper deals by switching energy suppliers, which can reduce their gas and electric costs. It’s a good idea to keep on the ball when it comes to who is charging what energy prices because often your own provider won’t always put you on the cheapest deal. So, what is involved and how do you go about it?
Make regular comparisons
It’s important to be clued up about energy prices and the different elements involved before switching over. Keep a check on how much you are paying and the various tariffs that your provider charges. Your provider might not always tell you when they increase their prices and it is up to you to make sure you’re on the best deal, as they won’t go out of their way to offer you one.
Before you decide to switch, consider if your current provider can put you on a better deal. This might actually work out more cost-effective than having to switch and can be less of a hassle. Find out what different tariffs they offer and if there is a way you could save money, for instance, by the way you pay or how you manage your bills.
Keep a check online of all the different tariffs offered by the energy providers in your area. Comparison websites will be able to offer you this information and are a valuable source when it comes to deciding if you should switch suppliers. It’s much better to rely on this impartial information than be swayed by sales patter offered by door-to-door energy sellers or supermarkets, who will be biased towards their own products and may not be giving you the best deal.
Be wary of cheap, introductory deals that sound too good to be true. The energy provider might put you onto a more expensive tariff after the introductory period is over, in which you might end up paying more than beforehand.
Before you decide to switch over to a cheaper energy supplier, it’s worth taking into account other factors that might have an impact on how much you will pay. For instance, how your energy use is measured, how much energy you consume, how you pay for your energy and your current tariff are all important considerations. If you switch suppliers, you may need to have a new meter installed, which could cost you money. Check to see if you get any discount or benefits from your intended payment method with your new supplier. You also may need to pay cancellation fees with your current provider for switching over.
How to make the switch
To switch energy suppliers you will need to contact both your current provider and your new supplier to schedule dates for the switch over. Get as much information as possible and make sure there aren’t going to be any hidden costs or conditions that you weren’t fully aware of before switching. You’ll need to take final meter reads and ensure your accounts are settled, in case you incur any fines.
If you are considering switching to a cheaper supplier, a good time to do it is early autumn time, so you can make the most of the reduced costs over the colder months, when your fuel usage will be at its highest.
This article was provided by Juice Electrical. Juice are retailers of energy saving devices for the home and are advocates of energy efficiency in the home.