Energy is an important resource and an everyday necessity, which asks you to pay a hefty price for it. One of the main factors of your monthly budget is the energy bills, which can turn the tide to minimise budget and maximise savings, only if you know the tricks. Although, it is no rocket science, can certainly play a big role if you know the little things that makes for a big change in your energy bills.
Most of the energy consumers are busy enough to never take a chance and switch to another supplier, even when it saves them hundreds of pounds. Statistics suggest that nearly 60% of energy consumers choose to live on Standard Variable Tariffs, which are the most expensive tariffs of all. This attitude should be changed as savings are the best way to build an empire! Even if it is affordable for you, there is no point being on tariffs with the highest costs.
Today, let us peek into techniques that can reduce energy bills to a bare minimum. These are tried and tested formulas from energy customers who make a switch through FreePriceCompare. They may demand you to be a bit alert in order to avoid overspending but, are worth your time as they certainly save you big money. All you have to do is read, apply and start saving!
How to minimise energy bills?
By switching to cheaper deals!
First and foremost, choose a supplier that offers the cheapest tariffs along with exceptional service. If you are currently with a supplier that offers energy at expensive rates then it’s high time to make a switch to a cheaper energy tariff, be it with the same supplier or with another. The fact is that millions of people have never made a switch and end up paying at least £200 a year extra, an amount that can easily be saved by making a switch. If you fear the hassle of switching or any blackout situations then rest assured as a switch takes just a few minutes.
By choosing fix deals over variable tariffs!
Many of us choose variable price tariffs, which keep increasing or decreasing in the due course of time due to varied reasons. While you may assume that you will get lower tariffs if energy costs go down, this often is not the case. The variation in tariffs depends on many factors and suppliers choose the factors that benefit them the most. However, fixed price tariffs remain constant for a certain period, which can be anything from one, two or three years, they are still safer option as you would never be bombarded by a sudden inflation in energy bills.
You may face rising energy bills with variable tariffs while fixed price tariffs give you steady bills along with a peace of mind. So, when you want value for your money, choose fixed price deals over variable tariffs. You will find that it is a more economical solution and ensures savings.
Stretch for that something extra!
You need to analyse, whether your supplier offers you something extra like a smart meter installation or an app that keeps an eye on your energy usage and alerts you about devices that sap excess energy. In addition, some go on to give you loyalty discounts if you have been with them for longer than two years. These small perks help in making big savings when analysed collectively. Free boiler service or a free smart thermostat with a particular tariff can cut down on your servicing bills, which are the inevitable annual expenses.
You should leverage these benefits from your supplier and if it is not offering these incentives then find the one that offers them. It is all about choosing the best deals and services so that you make savings as well as enjoy hassle free energy usage. Therefore, keep your eye open for those perks and stretch for a supplier that offers these little but useful add-ons to their services.
Choose a supplier that informs you about cheaper tariffs!
We have to accept that life can be really busy especially when you are a working partner with a family of dependents. You might not get a chance to keep checking your energy bills or occasionally keeping track of the cheapest tariffs of your energy suppliers. Here, you can check the reliability of your supplier as they can always inform their customers about the cheapest tariffs and savings which the customer can make on switching to these plans.
If your supplier informs you of the end of your current contract then it is an excellent service. If not then you should take the plunge and ask for the cheapest deals available with them. It is always an intelligent idea to choose a supplier that helps you by keeping you updated with their offers and accurate billing service. If your supplier is not one of these kinds then it’s better to move on and find a more reliable supplier.
Smaller suppliers offer big savings!
There are millions of customers that rely on big energy companies as brand matters to them. However, it is not the case anymore as many events have suggested that big suppliers have let down their customers. The companies have shown a lack of transparency and flexibility towards their customers. For a change, you can try smaller independent suppliers who are willing to offer you a good price and service.
As the smaller suppliers want to stay ahead in competition, they would be more flexible then the biggies of the energy industry. At times, they would go an extra mile to retain customers and end up giving good discounts along with a satisfactory service. Therefore, you can get everything you want from a smaller supplier and a smaller bill too.
Shop around to save!
This is like the gospel truth of the energy industry! You would certainly save if you are ready to make a switch to another supplier. There are millions of examples which prove that frequent switching is the key to minimal energy bills. In fact, the number of energy customers making a switch increases with each passing year with 4.8million people choosing to do so in 2016. You just need to compare all UK energy suppliers, their tariffs, exit fees and zero down on the supplier that proves the cheapest.
Brijesh is a financial advisor at Freepricecompare.com and a passionate blogger. He writes on personal finance and money-saving tips. He suggests all UK households to compare energy prices before renewal energy contract with existing supplier. When he isn’t writing, he is spending time to find advance technique of farming and its way of applying. He also plays his guitar gifted by his father.
Keywords: cheaper energy tariff, compare energy prices
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