Thinking of switching energy suppliers? Switching energy providers is easy and could help you save hundreds of pounds annually, especially if you have never switched your gas or electricity supplier, or at least not switched in the last couple of years. Rather than pay more due to rising prices because of your loyalty to a provider, you can switch to any of the numerous suppliers with better tariffs and customer service. 
Before you finally make that switch, there are a couple of things to take into consideration so you can make the best choice possible. 

1. Always get an accurate price based on your usage, not an estimate

Many people have no idea the amount of energy they use, making it difficult to know if they would save or not after switching. Generally, there are three ways energy suppliers calculate energy bill:

– Your energy supplier reads your metre and charges you for exactly how much energy you have used.

– You submit your metre reading to your supplier, and they charge you from the information you sent to them.

– If you have no metre reading to submit, you will be provided with an estimated bill of your usage. 

The estimated bill is calculated using a number of variables such as your past energy usage, what time of the year it is, how insulated your house is, and more. In other words, an estimated bill doesn’t reflect how much energy you have used as it could be higher or lower. Switching suppliers based on estimates rather than the accurate price could result in a painful mismatch when the first ‘real-life’ bill comes in. So be sure always to get an accurate price based on your usage, not an estimate by providing a current metre reading. 

2. Look at the tariff comparison rate (TCR) not price per unit

The key to knowing if you are getting the best price is to look at Tariff Comparison Rate (TCR) and not the price per unit you are offered. You could compare the use of the TCR to APR% in loans, credit cards, and other financial products. The Tariff Comparison Rate is a simple, straightforward tool designed to provide an easier way to get an indication of how your rate compares to other plans and suppliers. 

The TCR is a number that takes into account any standing charges, unit rates, and discounts that go into providing a plan’s overall cost. By using the TCR, you will be able to compare a plan against another (either from the same supplier or a different supplier) and instantly see which is cheaper. The advantage of using TCR over the price per unit is that it takes into account the standing charge, discounts, and discounts, which can go a long way to help you make informed decisions.

3. Consider the level of customer service rating from review sites

Other than expensive prices, poor customer service is one of the main reasons customers cite for switching to a new energy supplier. There might be a tempting, low tariff in the compare charts from an energy supplier, but it’s always best to find out what previous customers have to say about their service. You just might find negative comments on forums and sites (like Feefo and Which Trusted Trader) that the supplier you were planning to switch to has a poor reputation and puts profits over people. 

There are 4 key reasons you should check the customer service of an energy provider before switching:

– See the downsides of the tariff you are about to choose 

– Read the experience of customers 

– See the popularity of tariffs to know which one other customer prefer 

– Make sure you’re buying the tariff that’s best for your house

4. Look at the environmental impact; most providers now offer a 100% renewable energy

Everything we do every day has an impact on the planet, and that includes our choice of energy supplier. The market is embracing renewable energy as several green energy suppliers are springing up than ever. The benefit is an obvious one: renewable energy comes from clean sources that release minimal to zero fewer greenhouse emissions, which makes the air we breathe cleaner and slows down climate change. 

If you fancy the idea of saving the planet and combating climate change, consider switching to an energy supplier that offers renewable electricity and green gas. The good news is that green energy doesn’t have to cost you more as these providers offer some of the cheapest plans you will find on the market.

5. Reduce your reliance on an energy provider by investing in IOT and Smart Technology

Internet of Things (IoT) is bringing a new era of convenience as it has continued to revolutionize different industries, including the energy sector. You can leverage smart devices to measure the power consumed by each appliance and device in your house. With this information, you can identify power-hungry appliances to cut down on waste and save energy bills. 

Furthermore, smart lighting, learning thermostats, and sensor-based HVAC systems of the new generation are designed to automatically maintain the perfect conditions and keep energy use at the optimum level. For instance, smart lighting dims depending on the amount of daylight available and automatically turns off once the room is empty. These smart machines could also help you save a good deal on energy bills by reducing the number of units you consume in your house. 

Leave a Reply