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Gas and Electric
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Energy prices are rising
Energy prices are rising and you need to act fast to prevent yourself from paying high prices in the future.
The best advice at the moment is to switch to an online energy supplier, fix your energy tariff and pay by Direct Debit via paperless billing and make more savings.
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Why switch to an online energy supplier?
If you are one of the many paying a standard tariff, you could save £100’s a year
It’s simple to switch
Find out in minutes how much you could save
It’s free to switch
Why fix your energy tariff?
Protect yourself from paying high prices in the future by switching to an online supplier to get the cheapest fixed tariff deals before they all go.
Pay by Direct Debit and opt for Paperless billing and make more savings.
Suppliers will charge less if you pay by Direct Debit and opt for Paperless billing. To help you manage your online account you can enter your own meter reading so you are not over paying each month.
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Energy saving tips
Switch to your Energy Provider’s Internet Tariff
This could save you up to 10% over a standard tariff, pay by monthly direct debit and opt for paperless bills by having your bills emailed to you for even more savings.
Dual-fuel v Separate Gas and Electric
By switching to an online energy provider of Dual-fuel (Gas and Electric from the same energy provider) can often be the cheapest way to receive your energy, but never assume that this is always going to be the cheapest tariff. It is worth taking the time to compare the tariffs from separate Gas and Electric providers to see if you can make further savings.
Pay by Monthly Direct Debit
Studies show that paying your energy bill by ‘fixed monthly Direct Debits’ can save you as much as 5-10%.
Your bill is worked out on a fixed estimate each month. But remember under estimating will result in you owing your energy provider at the end of the year. Likewise, you are entitled to a refund for any over-payments you have made to your energy bill.
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Every time you receive a bill, do a meter reading. If you are being under billed, you will find yourself having to pay a hefty bill at the end of the year. Or, if you are being over billed, then your energy provider will be banking your cash.
From your meter reading you will be able to help your energy provider make a more accurate estimation of your energy usage. Relay these meter readings to your energy provider and request a change or use an online account which allows you to enter your own meter reading. If you are still not satisfied try the Ombudsman Services for Energy as you have a range of rights to ensure that your bills are correct.
Alternatively, you could simply cancel the monthly direct debit and your energy provider should refund you with your overpayment, according to the statutory consumer focus group Consumer Focus ‘Consumers can also cancel a Direct Debit at any time.’
CAUTION your energy price will rise without a direct debit, so compare prices of other energy providers to see if you can switch and start saving.
Economy 7 tariffs
Economy 7 has two pricing structures, one for the day and one for the night, the night time rate being much cheaper than that of the day rate.
To work with this tariff efficiently set your appliances such as washing machines, dish washers etc to come on during the night using the appliance’s own delay timer or buy some timer plugs.
Remember you can still compare prices for Economy 7 tariffs and if you find a better tariff, switch and start saving.
Stay away from Prepayment meters if you can
If possible switch to a billed meter and start paying for your energy by Direct Debit, you may have to pay for this but the savings make it worth it.
Remember you can still compare for Prepayment meter and if you find a better tariff, switch and start saving.
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Some companies offer a Financial Hardship tariff, which helps for those in financial trouble. Do compare online energy tariffs that will often beat many hardship deals.
Grants worth £1000’s
Many grants are available for improving your home, heating and insulation, to help you save on energy including:
· Enact
Energy help with grants for loft and cavity wall insulation
if you are in receipt of benefit or
over 70 years old.
Use Less Energy
Careful management of your home energy usage can save between 15-20% of your energy bills. See how much you can save by:
· Turning
down the thermostat
· Wearing
warm cloths
· Turning
lights off as you leave the room
· Using
energy saving light bulbs
· Defrosting
the freezer and checking it’s temperature
· Don’t
leave electrical goods on stand by
For further information see the Energy Saving Trust website.
You
can be a gosaveguru
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and switch now to see how much you could be saving…
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