Wondering how to save on your energy bills ? Most of the major energy providers like British Gas, Scottish Power, and Scottish & Southern have declared their estimated price rise this year. It is time to take control of your energy expenses.
It is time you find out if you are paying too much on your energy bills. According to money saving expert Martin Lewis, households are missing out on the cheapest gas and electric tariffs by not switching suppliers. Compare energy prices with price comparison sites based on your budget and needs.
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Switch to Fix Deals
A fixed rate means the rate per kilowatt will stay the same for the duration of your contract with the company. You need not worry about the escalating market price of gas and electricity, however, as part of your agreement you may have to pay cancellation fees if you plan to move to another energy supplier
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Variable Rate
If you do not want to sign a contract, you can go for variable or standard rates that will fluctuate every month based on the market price of energy. You may save on your bill when the energy prices are down. If you plan to switch energy company soon, the variable rate is a good idea.
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Dual Rate
Some providers offer a dual rate for gas and electricity. The dual rate can then be fixed or variable, depending on the energy company. You may get some discount and the privilege of not having to pay two different providers for each service.
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Economy Rate
It is better to choose a tariff plan according to your usage. You can ask your provider for a personalized energy deal. If you stay at home during the day, you tend to use more electricity and gas, an economy rate may be the best option.
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Become an online customer
Many large energy suppliers save their best deals for online customers. They send discount coupons for their online users more often and on your lucky day, you may get a hefty discount – as much as £100 a year on the energy bill.
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Smart Meter
Don't let your energy company speculate on your average energy consumption rate.Install smart meter, which allows you to readily monitor your energy usage and provide accurate meter reading to your supplier, avoiding any room for billing disputes. You can also check appliances that are costing more energy.
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Replace Boiler
According to Energy Saving Trust, a boiler swallows 79pc of total fuel usage. Replace your old boiler with a new A-rated efficient model. Replacing an old boiler can save you as much as £237 a year
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Energy Efficient Windows & Doors
Transform your home into an energy efficient house. The double glazed windows and doors have glasses with space (~16mm) in between that helps in creating insulation and can reduce the amount of heat wasted
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Cheapest gas and electric
The open market of energy providers has made it easier for the common public to switch and save on their energy bills. You no longer have to live in fear of your high energy bill – but only if you compare energy prices to find the cheapest gas and electric deal
Switching your energy supplier doesn’t have to be difficult. My Cheaper Energy is dedicated to helping you find the cheapest gas and electric for your home.