the 3 Factors To Consider When Switching Gas and Electricity Suppliers

3 Factors To Consider When Switching Gas and Electricity Suppliers

Switching your existing energy supplier can save most consumers substantial amounts of money on their electric bills. Switching quickly, however, is not always simple and should generally be done within 21 days. If you encounter difficulty switching, you can receive automatic compensation for up to three times your cost of switching.

Some potential savings from switching your New Energy Supplier

could include; fixed-rate kwh and prepaid electricity. Fixed-rate kwh is determined at installation and is typically quoted on the electric bill. Your initial payment will be subtracted from this price per kwh when you make your purchase. Pre-payment can be used if your purchase amount is below the fixed rate kwh quote.

Another option that you could consider

is to compare energy deals from your New Energy Supplier and a different retail provider. You should contact your New Energy Supplier or current energy supplier to request a current energy price per kwh tariff. When you compare energy deals, do not just look at the fixed rate. This is because it does not take into account the number of kilowatt-hours you use, but only the hourly rate. This will not provide an accurate comparison as you would need to add up all hourly rates for all of your utility bills, not just the fixed rate.

You should also compare the new energy supplier’s tariffs

against those of your current suppliers. If you are a customer of a gas and electricity company, ask whether their tariff would be higher under the new deal. To get the true cost of switching energy suppliers, you would need to multiply the price per kwh by the number of units per hour worked. This will provide a more accurate indication of how much you would pay. You should also check to see if your existing gas and electricity supplier has any future increase in prices; this can also affect the final bill.

Another area to compare is the gas and electricity tariffs

for outlets in different parts of your property. There may be certain areas of your property that have lower consumption than others. If the supplier’s tariffs are higher in some of these areas, then the total gas and electricity bill could be higher. Again, this can be multiplied by the number of units per hour worked, to provide an accurate indication of how you would be paying.

As mentioned above

there are three main factors you need to consider when considering switching. The first is the tariff provided by your current supplier. The second is the standard variable tariffs that are offered by your prospective suppliers. Finally, you should ask any questions you may have for your chosen supplier so that you can ensure you are making the best decision for your needs.

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