Changing energy providers is one of the simplest ways to save money. With more of us working from home these days, it’s important to be on the best energy plan to account for your needs.
The good news is that changing energy providers is extremely simple especially when you have guides to follow. There are a few things to consider when changing suppliers in order to find the best deal for you.
How to change energy provider online
Enter your postcode. Electricity rates are determined on a regional basis, and certain providers only cover certain areas. For example, electric rates in Illinois might be different from where you are now. Thus, use your postcode to narrow down which energy plans are available to you through an online website.
Enter your energy usage. You will need to know how much energy you use in order to tell how much money you will save by changing the provider. Your usage information can be found on a recent bill or on your annual energy statement.
Confirm your energy switch. Confirming your transition to a new energy provider is the final step in the process. To do so, you must include your complete address as well as your bank account information so that your new energy provider can set up the account.
Make use of your ability to choose.
Find prices that suit your budget from a reliable company by doing some analysis. Find out how much money you could save by changing energy providers. Examine the rates and schedules, as well as the terms and conditions, of the contract you’re considering.
Look for an energy provider with a good reputation for customer service
Look for a company that provides excellent customer support and responds to queries quickly. Ask your Facebook or other social media friends if they use a certain energy provider and if they like the service, or track the company down on social media and look at past patterns to see if there are any recurring issues.
Compare energy provider price
Price comparison shows a variety of offers so that you can compare prices. It displays all available energy offers on the market so you can determine whether the offer you want is the most affordable.
Energy tariffs: what to check before changing energy provider
Once you’ve decided on an energy company and tariff, double-check the following to avoid any surprises later:
- What will the monthly cost of your new plan be? Check to see how this compares to your current deal to avoid any surprises in your bank account.
- Is your direct debit set up to be fixed or variable? Fixed direct debit transfers are made on the same day each month to help you budget for your energy costs during the year. For the summer and winter seasons, certain electricity providers have different fixed fees. Depending on what you use, variable direct debit payments can vary from month to month.
- How are your bills going to be delivered to you? If you won’t be receiving them in the mail, make sure to check your online account or email.
- Is a smart meter required for your tariff? Some tariffs are only available to customers who have smart meters or who agree to schedule an appointment to have one installed.
- Is there a deposit required? Some tariffs require a one-month payment before they will start providing your energy. Some prepayment agreements require a security deposit. Both of these factors can cause the upfront costs of changing to be higher than anticipated.
You can select from a variety of tariffs based on what is important to you. Here are some of the most common:
Fixed tariff – the amount you pay per unit of energy is fixed for the duration of your contract, which is usually one or two years.
Variable tariff – the amount you pay per unit varies depending on whether your energy provider raises or lowers its prices. However, it must give you 30 days’ notice.
Paperless tariff – also known as an online-only tariff. You will not receive bills in the mail, and you will need to manage at least some of your accounts online.
How long will changing energy providers take?
Changing energy providers can take up to three months. Why does it take so long? Your new supplier will need this time to get an accurate reading before they can begin billing you. To do so, you’ll need to request a special meter reading on a date that your energy provider has approved. However, you should be mindful that if you choose this option, you will incur additional costs.
It’s easy to change energy providers. As a customer, competitive energy markets offer many advantages, including the ability to change to an energy provider that best suits your needs. Your energy provider is in charge of determining the prices you pay for your energy supply, so do your own research before making a choice.