Did you know that over 7 million people switched energy providers in the UK last year? That’s over 10% of the population.
Why did they do it?
To save money, why Else?
The good news is, you can too.
Energy is getting expensive these days. You’ve probably seen your fuel prices skyrocket in recent years. Some people are paying twice what they paid a year or two ago.
These huge price increases aren’t just a UK problem. You see, energy providers are seeing a rise in their costs, a lot of these price increases have been down to geo-political and economic influences. As demand for energy increases across the planet, prices have been going up everywhere.
But there’s still a way to save, and that’s what we’re here to talk about. Even though energy companies are seeing their own prices go up, there’s one specific tactic they’ve been using to try and get a bigger share of a competitive market. And that’s by offering special introductory offers and rates to try and get you to switch to them.
If you’re happy to take ten minutes to go through a simple switching process, you could save money. Lots of people do this every year. That means you can keep switching regularly and only end up paying those sweet introductory prices, before switching again when the rates go up.
Here how to do it:
Work Out How Much You’re Paying
You can’t do the calculations to make sure switching is going to save you money unless you know exactly how much you’re paying. If you’re on a fixed rate, this should be easy enough to calculate. Even if you’re not, make sure you add up the last year or more of bills to get a figure. Make sure you include a range of months, as fuel consumption can vary depending on the seasons.
Once you know exactly how much you’re spending, you can work out how much you can save.
Do an Online Comparison Search
There are tons of different online price comparison sites online. They’re easy to find and easy to use. Simply enter a few details like the size of your home and your location, and you’ll instantly get a load of competitive quotes. Hopefully, most of these will be much cheaper than what you’re already paying. Moneyexpert.com is a great site for price comparison.
Find the Best New Supplier
While you’ll generally be looking for the cheapest supplier to switch to, there are a few other things you need to look at. Things like the quality of their customer service can be important, so check a few reviews. Make sure you look at the small print to see what happens when the introductory period is over and how much it might cost you overall.
Get Your Documents Together
Switching is easy, you just need an old energy bill and your postcode, along with maybe a couple of identification documents. Get them together before you make the call.
Phone Them and Switch With Ease
It should only take about ten minutes, and you won’t notice any gaps in powering your home.
Have you found the switching process this easy before? Let us know what you think, or who you recommend.