I think it is common knowledge by now that you can save money simply by switching your utility supplier. We regularly check out various websites to make sure that we are not paying over the odds for our electricity. We live in the middle of the countryside so we do not have gas. As a result, we use a little more electricity than gas households and a small difference in supplier price rates can make a big difference to our bill.
The Government energy supplier watchdog Ofgem conducted a consumer empowerment survey last year to unearth consumer habits. It came as a bit of a shock to find that only 18% of people actually changed their energy supplier in 2018. It is even more worrying that 57% of people are still paying the extortionate standard tariffs despite increased awareness.
In January 2019 the energy supplier watchdog Ofgem introduced an energy price cap. This is intended to protect people that are on the standard variable tariff by limiting how the suppliers can constantly hike their price up. This obviously only attempts to prevent consumers from being over-charged. It does not ensure that you get the best deal from your supplier, and definitely does not eliminate the need to compare tariffs regularly.
Everybody is entitled to change their energy supplier. There are many myths that if you are a tenant you are unable to switch. This is complete nonsense and the general rule of thumb is that if you pay for your utilities directly then you are entitled to choose your supplier and of course your tariff.
Now I know just how little free time everyone has, and who wants to be spending it pouring over energy tariffs? I also know how easy it is to think that you checked the tariffs last year and you are on the cheapest tariff. Unfortunately, the prices change so dramatically, that the best deal last month is perhaps not so good this month.
The answer to all of these things is auto-switching. Automatic switching is being offered now as a service that you subscribe to free of charge. You enter some basic information like consumption, which can be found on one of your previous bills. The switching company then constantly checks tariffs and if it finds you a better deal, it switches you over automatically. You then receive an email stating how much you will save and if you don’t want to save money, you get 14 days to review the change.
Are you looking to change suppliers? Find out more at http://lookaftermybills.com
*This is a collaborative post*