How can I save money on my energy bill?
Bills are a part of life but if you shop around, you could save a significant sum on the gas and electricity you pay.
Not only could you potentially save money on your energy bill, but switching your supplier could help you be more energy efficient, thus doing your bit to save precious natural resources.
If you pay your energy bills and are not in debt to your current supplier, you can easily switch your energy provider to a cheaper deal, either by direct debit or by a prepaid meter.
If you want to see how switching can save you money, firstly search deals by your postcode as some energy companies only supply certain areas. You can then compare tariffs from a range of suppliers to locate the best deal. By entering your current energy usage (found on your most recent utility bill), you can get more accurate results.
If you decide to go ahead and swap suppliers, you’ll need to give the new supplier your full address and bank details. They will get in contact with your existing supplier to agree a switchover date which usually takes up to 21 days.
Once you’ve made the swap, continue to check your bills and compare with other suppliers regularly to make sure you are still getting the cheapest deal.
FAQs about energy
Why should I switch energy provider?
By switching your energy supplier, you could save money on your gas and electricity bill and be more energy efficient.
Should I combine my gas and electricity?
Some energy suppliers offer a discount if you combining both services with them. However, you may find it's still cheaper to get your gas and electricity separately. Make sure you do your research to find the best deal.
Can I switch energy provider if I’m in debt to my current supplier?
No, you must settle your debt before you can swap suppliers.
If the energy bills are in my landlord’s name, what can I do to get a cheaper deal?
In this instance, you are best discussing the cost of your gas and electricity with your landlord to see if they are open to changing supplier so that you can both save money.
How long does it take for my energy service to be moved?
It usually takes up to 21 days, though this could vary depending on public holidays.
How much does it cost to swap energy provider?
Some suppliers will require you to pay a cancellation fee if you decide to move to a new provider, which is usually between £25 and £30 for each service.
Which is the best rate to choose?
You can choose between a fixed rate or a variable rate energy tariff. A fixed rate is often cheaper because it protects you against future price increases for a set period of time. A variable rate will allow you more flexibility because there is no fixed end date, but it is often more expensive.
What is the cheapest way to pay for my energy?
It is usually cheaper to pay by a monthly direct debit. You should discuss payment options with your provider to find the best deal.
Can I cancel my switch if I change my mind?
Yes, most suppliers will allow between 7 and 14 days to change your mind without applying a charge.