|In recent years electricity
prices have skyrocketed. Consumers are now paying 30% of their salaries on energy bills for their household. However, we
can save up to 40% on our electricity prices by switching. So we can really fight back against the price rise. Try to Compare Electricity prices to see if we are on the
best deal. When we turn to energy calculators they use the latest rates that we get directly from suppliers that are
impartial and free for us to see. By comparing gas and electricity prices we see how much we could save with a deal that suit
us, not our supplier.
The first thing that came into our mind when we think about switching is that how much money we can save. This is easy to
find out by simply comparing electricity prices online at different websites and they told us about the cheapest plans
available right then and there. After we have electricity comparison prices online, we may find that we’re presented with a new supplier as our cheapest
option that we may not have heard of, or know very little about.
Therefore, price isn’t the only factor involved, what else should we consider before we choose a new electricity supplier and will the cheapest plan always be the best option for us? Price isn’t the only considering factor therefore we want to consider which Payment option is available, terms of the contract (e.g. are there cancellation fees, a tie- in period, is it fixed rate or variable?), whether there is reward scheme or other benefits available, transfer process, customer services or online services. Opting for a fixed deal will give us a peace of mind and satisfaction in knowing exactly what we will be paying at the last of each month over the next year, no matter how much the suppliers increases their prices. Most of the fixed energy deals are more expensive than online variable tariffs, but still some are cheaper than the standard bills. Effectively this will cut down our bills and protect us from price hikes. The rewards and grants are dependent on our personal circumstances, age and location.
The most important thing we should remember is that these deals are not going to be around forever, so if we want cheapest deal in the market or protection against price rise, then we have to act quickly. Although switching electricity suppliers is an easy and smart way of saving money but we can also lower our electricity bill by making sure that our home is energy efficient as possible.