Why you Should Compare Energy Prices and Suppliers

By , UniversityHerald Reporter

Why you Should Compare Energy Prices and Suppliers

Photo : Why you Should Compare Energy Prices and Suppliers

When it comes to energy supplies it's a fact that everyone wants to save money by spending less money than they are currently doing. A question that very frequently occurs to many energy consumers is, can one get cheaper supplies of energy from alternative suppliers. Most people know that the answer to this question is in the affirmative but most never make a move towards trying to switch suppliers. Many people think it's a complicated process finding and switching to alternative energy suppliers. The truth of the matter is, it's not. Simply visit for the best energy comparison experience. What people lack is proper information. Let's examine some of the things one can do to compare prices charged and services offered by different energy suppliers and how one can actually make the switch from one supplier to another. 

1. Get Relevant Information

Before making the move to switch suppliers the logical first step is to get the relevant information. You will get the bulk of this information from your monthly statement of account or alternatively from your online account. You will need to know your current energy consumption, both gas and electricity with the latter usually stated in kilowatt hours. Such information can be easily obtained from your annual summary. As the aim is to switch suppliers, such personal information as your postcode, the number of people who normally reside at the building, the times of day when it is usually occupied and even the type of building itself is useful to have. 

2. Comparing Prices

It is important to compare prices because it's possible that you just might be one of the thousands of people currently being overcharged for their gas and electricity supplies. Reliable estimates put the number of energy consumers who have been on their provider's default tariff for two or more years at more than 25 percent. It is therefore in your best interest to compare the amounts charged by different energy suppliers.

3. Find a Reputable Comparison Service Provider

In the UK there are many independent energy comparison service providers one can make use of. These can be useful when it comes to finding the most economic and efficient energy deals in your area. Some consumers in the UK testify to having achieved savings of more than 300 pounds per year after being assisted by these comparison service providers. Some of the better ones even offer a 14-day cooling off period. This means if you change your mind within 14 days of switching your energy supplier they will effect a reversal free of charge. 

4. Be in Control 

If you have never done an energy price comparison before, the chances are very high that you are on a standard variable tariff which in most cases is also the most expensive. Many energy providers put profits ahead of everything else and therefore never enlighten their customers on the alternative  cheaper tariff models available. 

5. Is an Energy Switch Difficult?

When most people hear about switching fuel and electricity suppliers they never take action because they think it's a time consuming and complicated process. Nothing could be further from the truth. If you don't do it you could be missing out on an opportunity to save hundreds of pounds every year. The switching process only takes a few minutes. In fact, after you have made a switch your new energy supplier takes over and manages the changeover process for you whilst you sit back and relax. Once you give them the required details your new  energy provider will handle all the paperwork. They will even contact your old supplier on your behalf. 

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