The days of staying with the same energy provider for the whole time you live in the same house are long gone. For we now live in a world of constant change and an intensely competitive marketplace, where the people who provide your electricity and natural gas will battle each other for customers. We also live in a digital age, where gas and electricity comparison sites enable the public to take a broad view of all the energy offers available to them at any given time.
If you have never thought about who supplies your energy, it is time to look into it and find out whether your current supplier gives you as good a deal as the nearest competitor. Prices and deals for energy supplies fluctuate throughout the year as various companies tussle with each other for a share of the market. If you’re keen-eyed and aware of the best deals out there, you can grab yourself a bargain rate for your energy that will save you heaps of cash over time.
Consider what you really need from your energy supplier before you select a deal. Think about how much energy your household consumes in a year, what the peak times of year for your energy consumption are, and what sources of energy you depend upon most heavily. If you feel you don’t have access to enough information about your current energy usage, consult your provider or purchase an electricity monitor, which can be easily connected to your home supply to tell you how much energy you are using at any given time.
You may be restricted in your choices by the number of companies offering the specific kind of energy deal that you require. For example, fuel oil might not be available from all companies, and you may need to live within a certain catchment area to gain access to some suppliers’ deals.
Calculate the amount of money you could save on your energy costs by taking your current energy costs (in dollars per kilowatt hour) and subtract the cost of a cheaper tariff. Take the resulting number and multiply it by the amount you spend each month on energy, and you’ll be left with the savings you could make just by switching supplier.
Many of the best deals available right now only get offered online, so if you’re looking to save money on your energy bills but you’re not checking comparison websites on a regular basis, you could be missing out.