BUDGETING

How to Change Your Energy Supplier

How to Change Your Energy Supplier

Everyone wants to save money on their energy bills. While many people will painstakingly look for ways to reduce their energy usage around the home, it is usually the case that the easiest way to save money is to simply switch energy supplier. Of course, being proactive and ensuring the heating is only on when it needs to be, and you are not wasting electricity around the home, for example, will make a difference, but the quickest fix and the largest saving will come from switching.

Switching Energy Suppliers

Switching energy suppliers is actually easy and straightforward. All you need to do is call the company you wish to move to, or visit their website, and you can put the process into action. You will probably find a door-to-door salesman calling at your home from time to time to offer energy from another company, too, as well as pop up stands and concessions in shopping centres and around your local town.

Make no mistake; if you want to switch energy suppliers, there are plenty of ways to do it.

What are the things you should be considering?

Current Energy Use

On the surface, another energy company might appear to be offering a better deal, but if your pricing schedule is scaled based on how much energy you use, it could be the case that you are on the best price plan right now without realising it.

Look carefully at what other companies are offering, and how their pricing fits in with your current and expected future energy use.

Try to avoid being taken in too much by promotional deals. We understand this can be difficult, especially if there are attractive price reductions being made available, as these will often be counteracted with higher prices later.

Payment Options

This point follows on nicely from the one about promotional deals. Many energy companies will try and pull you in by saying they have more flexible options with their rivals. This might be true, but make sure there isn’t loads of small print to read, as there might be a catch.

For example, if your energy company was offering you a great deal where you paid nothing for six months and paid weekly from then on it, you’d probably think you were going to benefit, but what happens after six months when in week one you have to pay for the full half-year?

You should also find out whether certain payment options are more expensive; is there a charge for not paying by direct debit, for example?

Look Outside the Site

There are plenty of comparison sites and consumer sites available for you to take advantage of, and you should use them to find out the truth about any potential energy supplier. These are often better than online forums as they will tend to be filled with negative feedback; finding review sites or consumer benefit sites will at least give you a balanced viewpoint and enable you to consider pros and cons alongside each other.

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