"There aren't many guarantees in life but if you've not switched your home energy tariff before then I can guarantee 100% you are paying too much on your gas & electricity bills. Of the 6.4m UK households who switch and save on their gas and electricity each year, the average customer saving comes in at a staggering £290. That's 25% off! For what takes a few minutes, and can save you hundreds of pounds, there really is no excuse!"
- Scott Byrom, Head of energy
Energy prices are always changing, and if you're on your suppliers standard variable rate tariff (SVT) you can easily find yourself paying a lot more than you need to for gas and electricity. This is because most energy suppliers hit customers on SVTs with their most expensive rates - even with the energy price cap in place, SVTs are much more expensive than the cheapest energy deals on the market.
The good news is there's an easy way to make sure you're not overpaying for your gas and electricity and protect yourself against future price hikes - switching to a fixed rate tariff.
You can compare energy quotes in minutes with the energy shop to find a fixed rate deal that will not only see you benefit from cheaper rates, but these rates will also be locked in for the duration of the deal, which is usually 12 months. This means even if energy prices go up, you'll pay the same rate for each unit of gas and electricity you use for the duration of your fixed rate contract - your monthly bill will still go up and down according to your average energy usage, but you'll not be affected by any price hikes.
When this contract enters its last 49 days, you'll then need to compare gas and electric rates and switch again, to avoid being rolled onto your supplier's more expensive SVT.
The introduction of the energy price cap might make you think that you don't have to worry about rising energy costs, as suppliers are capped on the amount they can charge.
But while this might be a step in the right direction, if you're relying on the cap to keep your bills down then you'll still be paying a lot more than you need to for gas and electricity. This is because the level of the price cap is still hundred of pounds a year higher than the best-priced fixed rate deal available - simply switching to a better priced tariff is still a far more effective way to cut the cost of your annual energy bills.
You might never give your energy bill a seconds thought, particularly if you get billed online and pay your bills by direct debit. But it's worth taking time to read your monthly bill as it contains a lot of useful information about your current deal and energy usage - it's worth checking it just to make sure you're getting billed correctly.
Here's what to look out for on your next energy bill:
It might sound obvious, but one of the most effective ways to save money on your energy bills is to use less energy, and there are loads of simple ways to do this without making any massive changes.
See how many of these energy efficiency tips for winter and all year round you can put into practice:
It can also help to make your home as energy efficient as possible. Although there's an initial outlay involved, you should eventually make the money back, and your home will instantly feel a lot warmer and cosier.
To make your home more energy efficient, consider installing the following:
The more of these adjustments to your energy usage and changes to your home you can make, the more energy and money you'll save. But even making just a few small adjustments as and when you can is a great start to making a big difference in the cost of your energy bills.
Switching to a cheaper gas and electricity deal is the only way to make sure you're not paying too much for your household energy.
If you've never switched supplier before, you'll be on a standard variable rate (SVR) tariff, which will come with higher rates than other deals on the market. You'll also be on an SVR if you've previously switched to a fixed rate tariff but have let it expire without switching to another deal.
Energy suppliers make money from your apathy to switching, so it always pays to compare energy suppliers and switch when your current deal is coming to an end - we're here to help make sure your money stays in your pocket.
Being on an SVR also means you're fully exposed to market fluctuations - if energy prices rise, so will your bills, even if you're not using any more gas and electricity than normal. Back in the summer of 2008, for instance, the market was hit by price rises of 35%, which saw standard variable rates increase by a third overnight. Although it's unlikely we'll see another spike like that, it's best to protect yourself against any price rises by switching to a fixed rate deal.
Saving money is the main reason to run an energy price comparison and switch with us - simply switching with TheEnergyShop.com could cut your average energy bills by as much as £383 a year.
It's also worth switching if you're unhappy with the service offered by your current supplier, or if you're worried that it could go bust. A combination of volatility in the energy market, the impact of the energy price cap and the cost of renewable energy targets has seen more than 10 suppliers go to the wall over the last year or so - if you're worried your supplier could be in trouble, you should consider switching.
TheEnergyShop.com is a trusted energy comparison site when it comes to comparing gas and electricity prices. Founder members of the Ofgem Confidence Code back in 2003, our team of experts are dedicated to monitoring the energy market each day to find the best possible deals, whether you want to switch to a fixed rate tariff or find the best green energy deal to help do your bit for the environment.
To get a new energy comparison quote with TheEnergyShop.com, simply follow the steps below:
Our switching tool will automatically send your application securely to your supplier of choice, who will then let your current supplier know that you want to leave.
The switch should then be completed within 21 days, meaning you'll be enjoying lower gas and electricity bills within a matter of weeks.
It really is that simple. You don't need to worry about anything other than entering a few details and sitting back to count your savings. If you do have any questions or need some advice, then give us a call on 020 3951 8617 and we will be happy to help.
The energy market changes daily, meaning prices can fluctuate from one day to the next - our energy experts input tariff data all day, every day, so we know how tricky it can be for households to find the best energy deals.
That's why it makes sense to let TheEnergyShop.com do all the hard work and find the best energy deals on your behalf.
By using our Ofgem approved energy price comparison engine, you can be sure you're comparing the best deals available in your area. And for us, the best deal doesn't just mean the cheapest rates - we want to ensure our customers only switch to energy suppliers who will offer great customer service as well as great pricing. We want to take all the hassle out of switching energy supplier, which not only means getting the best prices, but finding deals from trusted suppliers that protect you as a customer and ensure you don't have to sacrifice quality to save money.
When choosing an energy supplier, we suggest that you weigh up the rates on offer alongside the quality of the provider. You can do this by asking the following questions:
When you get a quote and switch with TheEnergyShop.com, you can be sure you're switching to a quality supplier, whether you choose a Big Six energy supplier or a smaller provider.
The latest statistics from EnergyUK show that around 34% of customers are switching from what are considered as 'larger suppliers' to 'small and mid-tier suppliers', but you need to be cautious about being tempted by a supplier that simply offers low prices.
The energy market is constantly evolving and we have seen a number of new suppliers rush to the top of price comparison results pages based on price, only to find their customer service can be lacking as they struggle to handle the volume of customers that suddenly come their way. In doing so, this can lead to consumer frustration as teething issues set in so as we say consider price but also service.
The entire energy switching process takes around 21 days from the date you apply to time you switch. This is the industry standard for switching energy supplier.
The "Energy Switch Guarantee" ensures that switching supplier takes no longer than 21 days, including a 14 day cooling off period, whether you switch to one of the Big Six suppliers - British Gas, SSE, EDF Energy, Npower, Scottish Power and E.ON - or a smaller supplier, such as Octopus Energy, Shell Energy, So Energy and Bulb.
All switching applications come with a mandatory 14-day cool-off period should you wish to cancel your application and revert back to your original supplier.
The switching process itself is very straightforward and is dealt with by your old and new suppliers - the only thing you need to do is provide your old supplier with a final meter reading to close your account.
No, there will be no disruption to your supply when changing energy provider. When you switch, it's just the provider that changes and your gas and electricity is still supplied through the existing pipes and cables, meaning there'll be no loss of supply.
Yes, you should be able to switch energy supplier if you rent your property, but the way you go about it will depend upon who looks after the energy bills.
If you pay the energy bills directly to the property's supplier, then you're free to compare prices and switch at any time. If you've just moved into a rental property, you'll be on your supplier's more expensive standard variable tariff, so you should compare prices to find a cheaper energy deal as soon as possible.
If your landlord pays for the energy to the property, you need to speak to them about switching to the best possible energy tariff to ensure your bills are kept to a minimum. If you have just moved into a property and are not sure who supplies your gas and electricity then contact us today.
Yes. Prepayment meters don't have the same range of tariffs available to choose from nor do all energy price comparison sites cater for prepayment customers, but you should still compare rates to find the best possible deal.
Prepayment meters are essentially "pay-as-you-go" energy - you top up your meter to pay for gas and electricity as you use it - but are also one of the most expensive ways to pay for energy. Even so, prepayment meters remain popular for around 6 million customers throughout the UK.
If you want to replace your prepayment meter with a standard credit meter or smart meter, you need to speak to your current supplier, bearing in mind that they may charge a fee for the work. If so, it's worth haggling and threatening to switch to another supplier - you may find that they waive the installation fee for your continued custom.
The Ofgem Confidence Code is a voluntary code of conduct adhered to by a select number of price comparison sites, including TheEnergyShop.com. The code is designed to protect consumers and ensure that each of the signatories to the code carry out in-depth, unbiased and accurate comparisons of the UK energy market at all times in a fair and consistent way.
We are proud to have been signatories of the Code since it's foundation under Energywatch in 2003.
TheEnergyShop.com is a free, independent and impartial energy price comparison service. We can help you switch gas, electricity or dual fuel supplier anywhere in Great Britain. You can review over 50,000 up to date energy prices fast and securely on one single site. Our service is accredited by the Ofgem Confidence Code, is and always will be free. © 2003-2020 Energy Services Online Limited.
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