With the recent well documented price increases from the Big 6 energy suppliers, many consumers are wondering if they could get a better deal with another supplier.
If you've never switched your gas or electricity supplier, or not switched in the last couple of years, you'll almost certainly save money on your energy bills by moving to a different deal.
Many energy suppliers offer a dual-fuel discount, that is a cheaper combined rate when you get both your gas and electricity from the same supplier.
So how much could you save? People who switched with Which? in October saved an average of £220 . And uSwitch estimates that 10% of people could save nearly £300 by switching with them.
If you don’t want to go all the way and switch suppliers, you could still save by switching from a prepayment meter to paying by Direct Debit. Some people find prepayment meters an easier way to manage their finances. However, it's widely accepted that prepayment is one of the most expensive ways to pay for energy. Contact you energy supplier to discuss your options.
Don’t forget, you can still opt to have a prepayment meter and may be able to find a cheaper tariff with another supplier.
How do you switch?
We recommend you use one of the two switching services mentioned above. This is how it works:
1. To start switching energy suppliers,you'll need the following information:
- Your postcode.
- Current gas and electricity supplier, and the name of your tariff (look at your latest bill, or contact your supplier).
- How much you spend (or use in kilowatt hours - kWh) on gas and electricity. You can find this on recent bills or the annual energy statement sent by your supplier.
- Your bank details if you decide to switch and want to pay by direct debit.
Even if you don't have a recent bill to hand, you can still compare and switch energy deals using estimated energy figures – simply select 'No' when asked if youhave your bill in front of you.
2. Enter your details into the switching form, which will calculate which options are best for you.
3. On the results page, you can compare the latest deals - tariff details and a customer service ratings are given for each supplier.
4. Select the tariff and supplier you want, and follow the instructions to complete the switch. If you're unsure, a guide to energy tariffs lists pros and cons of the different types of tariff.
5. Your new energy supplier will organise the switch. You'll need to submit meter readings to them when requested, and settle outstanding bills with your old company. The process takes 2-6 weeks.