Lower utility bills!
As a follow up to my previous blog about rising utility bills I thought I would add in a little bit about utility price comparision companies who promise lower utility bills. While everyone is probably aware of these companies I thought I would say a few words.
These companies all promise to lower your bills, but is it worth it to change your utility supplier? The answer to this question depends on who your supplier is and your total energy consumption, if you are with one of the less competitive utility providers then its worth a change, however if you dont use a significant amount of energy then there will be little difference either way. You will be asked these questions and these companies will calculate the best options and let you choose.
Lower utility bills could also be as much about how you use energy and your home as much as your supplier; energy conservation measures like modern appliances (opposed to older less efficient models), insulation and double glazing all make a significant difference. Have a look at the The Energy Saving Trust official site
Here are a few pointers to save more cash:
1. All utility comparision sites are free for customers to use
2. All utility comparision sites are regulated by the energy watchdog Energywatch’s Confidence Code
3. All utility comparision sites are independent of a specific provider ensuring impartiality. While each site is impartial they do receive a small commission from providers when a customer changes to that provider
4. Consider combining gas and electric providers to reduce bills
5 You have a cooling down period to change your mind after confirming the change (see small print for details)
6. Consider changing your bill period or method of payment to reduce overall payments
7. When prices are similar use quality of service and safety features to find the best choice
Competition between utility providers gives lower utility bills for everyone, but most people dont have the time to switch. However, the way I look at it you wouldn’t leave your savings in a low rate bank account so why pay more that you have to for your bills? Millions of pounds are saved every year by customers switching their gas and electric to a better value provider, an average of over £100 per household. These companies do all the hard work for you and you dont even need to fill in any forms so what do you have to lose!
To see our utility price comparisons section Visit House Price Spy