Gas and Electricity – Save Money by Switching

Switching your gas and electricity supplier can save you a lot of money on your energy bills.

Before 1999, all UK energy users had their gas and electricity provided by their local supplier. In a bid intended to introduce more competition into the industry and drive prices down, the Government allowed electricity and gas users in the domestic, commercial and industrial sectors to change suppliers if they so wished from May 1999.

As a result of this, in order to attract customers from other areas, all suppliers introduced regional pricing policies, many of which offer cheaper rates to users who live outside the region the supplier traditionally served. By changing suppliers to take advantage of the more favourable rates offered elsewhere, you can make significant savings on your energy costs.

But how do you find out where the best deals are to be had? Previously, the only way was to methodically contact each company and obtain a quote from each one. Nowadays, however, the process is much simpler, as you can use gas and electric price comparison websites to quickly and easily find the supplier that will give you the lowest rates.

There are a few points to bear in mind when you use a price comparison website:

• Make sure you take actual readings from your meter rather than relying on your bill. Bills are often estimated, so taking readings yourself will ensure that you get accurate figures to work with and can properly calculate how much you could save.

• You will also need to know the current tariff that you are on. You can usually find this information on your most recent bill, but if you can’t find it, a quick call to your supplier will give you the details you need.

• Gas and electricity prices do change periodically. Generally, after one company has changed their prices, the others will quickly follow suit. Make sure it has been a while since the last price change and that rates have settled.

Gas and electricity price comparison sites let you quickly and easily identify the savings you could make by switching suppliers. You are not making any kind of commitment when you use the site, and you are under no obligation to switch if you don’t want to.

So if you’re looking for a quick and easy way to cut your household expenditures, switching your electricity and gas supplier could be the ideal solution.