Are you getting the best deal on your electricity and gas tariffs?
Most energy suppliers offer up to four tariffs for gas and four for electricity, along with discounts for managing your account online or choosing a ‘duel fuel’ deal. Once a year your energy supplier should tell you which tariff is cheapest for you. However, you might be better off if you switched to a different supplier.
Finding a better energy supplier
To find out if you could save money by switching supplier, you can use one of the many switching comparison websites. We tend to use the Which? Switch website: http://switch.which.co.uk/energy-advice/guide-to-switching-supplier.html.
To make sure you get the best deal, you will need to have the following information to hand, which should be contained on your energy bill:
- The name of your current supplier.
- The name of your current tariff, usually found on your bill.
- The amount of energy you use.
- How you currently pay, and how you would like to pay with a new supplier.
- Your postcode
Switching energy suppliers – in 5 easy steps
The process of switching electricity and gas suppliers is very simple.
- Investigate tariffs, decide on a new supplier and tariff and sign up. WREN can help you sign up as well as checking the tariffs.
- New supplier will send you a contract. Check it, sign it and return it (including a direct debit mandate if you decide to pay that way). If you decide not to go ahead, you have a 14 day cooling off period to reject the contract.
- New supplier will notify you of the switching date and ask for meter readings on that date.Switching date is 2 to 6 weeks after the contract.
- Send meter readings in to new supplier by phone, on-line, or post. Your supply switches automatically.
Your new supplier will contact your old supplier – you don’t need to.
- Old supplier will send a final bill, which you pay. If you have paid through monthly direct debit, you might be due some money back, which will be paid into the same bank account. Cancel the direct debit after this has happened.
Is there a better way to pay your bills?
The way you pay your bill can also make a difference. For example, most suppliers offer a discount for paying your bill by direct debit. On average it is £100 cheaper per year to pay by monthly direct debit than by cash or cheque.
You may also get discounts for receiving bills online, as this cuts down on paper and reduces costs for the supplier, and is good for the environment.
Contact your supplier directly to find out if there is a better way for you to pay, and that might save you money.