The power to your home is one thing you will always have to pay, unless you are paying an all-inclusive rent. Many households will need a plan for both gas and electricity, but that doesn’t mean you must use the same supplier for each. To get the best the value from your tariff, you should look to compare gas and electricity options from both combined and separate suppliers and tariffs. A thorough gas and electricity comparison is the most effective way to save yourself some money and make sure you’re on the best tariff for your needs.
It’s a very competitive market these days and there are new deals being released all the time. It is worth checking back every few months and at least every year to make sure you are on the best tariff. You can choose a combined tariff or opt for individual options. There are also options for fixed-rate or variable tariffs.
There are a variety of reasons as to why making a gas and electricity comparison of suppliers and tariffs is a good idea, even if that means switching your supplier. Some will be more important to you than others:
Although it sounds complicated, swapping your energy provider is straightforward. After all, it all comes into the house using the same cables, wires and pipes. Your new supplier will make contact with your existing supplier once you have made the decision to switch. There should be no issues with interruption or any break in your supply. You can change for one or other of your gas and electricity suppliers, completely independently, as you see fit.
Once you have found the right tariff and supplier for you, switching should be easy. Most suppliers will offer you a ‘cooling off’ period, which is generally 14 days from when you place the order. After that, the change can happen very quickly. Your new supplier will get in touch with the current provider and should make sure that everything is in order. If you prefer to contact your current supplier yourself – to confirm there is no delay or disruption to your supply – you should be able to do that. Once the cooling off period has passed, the entire process might last another week on average.
There is no limit to how many times you can switch supplier to make sure you’re on the cheapest tariff, although there may be penalties for leaving a contract early. Make sure you have read and understood the contract. Reviewing annually is sensible, as you might for car or home insurance. When you make your gas and electricity comparison, you might find that you are able to save hundreds of pounds over the course of a year.
Even a small monthly saving can soon add up to be a significant sum. Don’t forget to consider the overall value of a tariff as well as the listed cash price. Some suppliers will offer their customers ‘added value’ by way of other discounts and vouchers and it will be up to you to establish whether or not that is something that is of interest to you. Perceived value may differ from one person to the next.
Service is important to many people, sometimes even ahead of price. If you have been unhappy with the service from your current supplier, you may decide to shop around and compare gas and electricity suppliers. Service can be more difficult to compare from a website so be sure to look at independent reviews.
There is a growing focus on environmental issues. For many homeowners, choosing a supplier which is able to demonstrate greener energy is key. When shopping around, suppliers should be able to explain how renewable their energy is, and the steps they are taking to make it more sustainable.
Renewable sources – such as wind, solar or wave power – are becoming far more mainstream as energy sources. They are continuing to grow as people want more alternatives to fossil fuels. ‘Green’ comes in various shades, and needn’t necessarily be more expensive. Currently, it is more common to have a renewable electricity source, although advances are being made on the gas front too.
Forgetting when your deal comes to an end is the quickest way of slipping into higher rates, so a regular review is imperative.
There are many benefits to switching. If you have been with the same supplier for more than a year then the chances of your being on a higher tariff are greatly increased. Switch and you could save a significant amount.
How you pay can also have an effect on the amount you pay. If you opt to pay monthly via direct debit, your overall payment might be lower as your risk of default is less. Payments in advance by direct debit are based on estimates, however, which could prove to be more or less than your actual usage.
If you are responsible for paying the electricity and gas, then yes, you are entitled to switch. You landlord may have a preferred supplier, but if you pay the bill directly rather than paying your landlord, then you should be allowed the choice. If there is a reference to energy supplier in your tenancy agreement that prevents you from switching, get in touch with Ofgem, who believe that if you pay the bill, you should be allowed the freedom to choose. There may well be options to change tariffs with the existing supplier.
The other key way in which you can save is to reduce your consumption of energy. Turn down your thermostat by a degree or two, turn off lights when you don’t need them, use a washing line to dry laundry or use low energy bulbs to help lower your bills in the first instance.
Yes. You can compare tariffs, and make a switch where applicable, from the moment that you assume ownership of a property. We make it easy to compare deals safely and quickly, and can find the best deal for your property.
Yes. With just a few details about your tariff you can easily compare rates between different energy providers and look for a better deal. We make comparing gas and electricity simple and fast, and we can find the best deals.
Comparing gas and electricity is the best way to lower your energy costs. People who don't regularly compare energy companies miss out on potential savings, and often remain on more expensive tariffs. We make the comparison process simple and can find the best prices.
Yes. Bright Compare will help you to compare gas and electricity prices. We provide a simple and streamlined process that allows you to compare different tariffs between energy companies and find the best deal for your home based on current usage.
It's best to compare and change your energy tariff as you reach the end of your contract. Customers who don't switch are often transferred automatically onto more expensive rollover contracts. Bright Energy makes changing tariffs easy, and we can find you a better deal.