In this guide, we will show you how you can compare energy and find a more competitive deal which could save you hundreds of pounds each year. Here are the five steps to cheaper energy:
Step 1: Enter your postcode
The first thing you will need to enter to compare energy prices is your postcode. This is because gas and electricity prices are set regionally. Also, some suppliers only serve customers within a specific area of the country. When entering your postcode, you will only be presented with deals that are actually available to you.
Step 2: Enter your current energy usage
Next, the energy comparison site will need to know how much gas and electricity you are using each month/year. This allows it to help you find the tariffs that will save you the most amount of money. If you are unsure about where to find these details, check your latest bill or your annual energy statement.
If you do not have this information at hand, not to worry. Answer a few basic questions about your home and the site will be able to estimate your usage for you. Note that estimations are useful but not always entirely accurate.
Step 3: Compare energy deals
Now that you’ve entered the requested information, it’s time to compare energy deals. It can be complex when you are presented with so many options. Fortunately, this is where price comparison sites really shine. You can filter suppliers and tariffs by price, helping you quickly see how much you could be saving by switching.
To narrow down your search even further, consider other factors such as green energy plans, various contract lengths and even tariffs without exit fees.
Step 4: Choose a new energy tariff
Once you have compared the various suppliers and tariffs, it’s time to make your selection. Before you do proceed, it is usually recommended that you read some reviews beforehand. This will help you find out extra information about each company such as their level of customer service, pricing and online account management tools. The good news is that many top comparison sites now include this information and even have their own star ratings for each supplier.
Step 5: Confirm your energy switch
The final step when switching energy suppliers is to confirm your switch. To do this, you will need to provide your full address and payment information. This will allow your new supplier to set up a Direct Debit on your behalf.
Congratulations! The process is now complete. The comparison site will make sure your new supplier gets in contact with your old supplier to manage the whole switching process. The new supplier will arrange a switchover date, allowing you to sit back and relax.
You’ve likely got a few questions so we have answers to some of the most commonly asked questions.
As mentioned above, the only information you will need is your postcode, a copy of your latest energy bill and around 15 minutes of your time. Those that want to pay for their gas and electricity via Direct Debit will also need their bank account details. Don’t worry if you can’t find a copy of your annual statement or most recent energy bill, as comparison sites can estimate your usage based on answers to a few simple questions about your household.
Will my energy supply experience interruption?
No. Your energy supply will not be interrupted at any stage when switching. It will remain the same as it was before, during and after the switch. The only difference is that a new company will now bill you instead and your unit rate will be changed. You can continue to use your gas and electricity as normal. No new pipes or cables are needed. No digging is required and no one needs to visit your home unless you’re having a new smart meter installed.
Comparing energy deals takes around 10 to 15 minutes. The actual switch normally takes around three weeks. Your new supplier will manage this whole process for you in the background.
What if I wish to cancel?
No problem. If you have changed your mind, there is a 14-day cooling off period. Just contact your new supplier and let them know that you no longer wish to proceed. You will not be charged for cancelling during this period.
In conclusion, it’s relatively easy to compare energy and switch suppliers. Only a little effort is required on your part and your new provider will manage the whole switching process for you.
*Collaborative post*