Could you pay less with a different energy supplier?
There are many different energy suppliers on the market today. You could save money by comparing prices and switching to a cheaper deal with another supplier. Switching from a standard variable tariff to the cheapest fixed rate, dual-fuel tariff with a paperless account could save you hundreds of pounds. Remember you can switch to another supplier if you rent your property and energy bills are not included in your rental payments. If you have a prepayment meter, there is less choice but you can still shop around and switch, even if you have debts of up to £500 with your current supplier.
Renters can switch too
You don’t need to own your home to switch energy tariff. Under Ofgem rules, if you pay the energy supplier directly, you are free to choose your own energy tariff and supplier and your landlord of letting agent should not unreasonably prevent this. You should check your tenancy agreement to see what it says about switching. Visit the Ofgem website for further guidance on Tenants’ Energy Rights and to download their factsheet.
How do I find a new tariff or supplier?
If you have access to the internet, checking two or three comparison websites is a good way to get started. Price comparison websites can help, though always check you are using an Ofgem Confidence Code accredited website. This will ensure that the process of switching energy supplier is easier, more reliable and reassuring for you.
Money Saving Expert also have the Cheap Energy Club. This is a useful tool that allows you to sign up to check if you’re on the cheapest deal. It will then monitor your tariff and check that you are still on the cheapest tariff and update you if cheaper deals come along.
Once you have found a good deal, there are a number of questions you should ask before switching to a new tariff:
- How much does the supplier charge for fuel?
- What payment methods are available?
- Which is the best tariff for me?
- Do they offer Warm Home Discount?
- Are there any special discounts or incentives?
- Is there a standing charge or variable rates?
- How often do they send bills out?
- Does the supplier have a high rate of complaints?
- Is there a charge for switching supplier?