How to Find the Cheapest Energy Supplier

Whether you’re looking for the best deal for your home, or you’re a business owner, trying to find the cheapest energy supplier can be difficult. It’s only natural that you will want to save money where you can, so when you’re on the hunt for your gas and electricity supplies, here are a few tips to make the decision process easier.

Factors to Consider

Before you look for the cheapest electricity supplier, there are various factors that you need to take into consideration first. Where you live, the amount of energy that you use, as well as the type of meter you have can make a big difference when it comes to finding the best deal available.

Use a Comparison Site

First and foremost, the most effective tool to use to help you find the cheapest energy supplier is an energy price comparison website. All you need to do is input your postcode and a few details about your current energy bills. Once you’ve done this, you will be given a selection of companies on your screen which will be sorted by price, helping you to find the cheapest deal on the market.

When using an energy comparison service, there are a few things that you need to look out for, such as whether they are signed up to the Ofgem Confidence Code. Ofgem are an industry watchdog who are responsible for monitoring the performance of energy companies in the United Kingdom. You should also check out customer ratings and reviews to narrow down the shortlist.

Understand Your Current Bill

It’s only natural that you will want to find the best deal available. To help ensure you’re making the right decision, it’s important that you understand your energy bill. Many suppliers will do anything to get your custom, so you need to be able to differentiate between what your current bill shows, and what the supplier is trying to offer, so you can work out whether you’re better off going with a new supplier. Before you begin shopping around, you will need to work out the average amount you paid per kilowatt hour over the last 12 months. If you aren’t sure what to do, it’s best to call your current electricity supplier.

Ask the Right Questions

When engaging with a potential supplier, knowing what to say can make a huge difference and potentially lower the cost of what they were trying to originally offer you. Being in the know about your energy and sticking to your guns can potentially save you further money down the line. If you’re a business owner, you may want to check out websites like Utility Bidder who allows you to compare a range of business energy providers, helping you make the right choice.

Whilst using an energy comparison website should be your first point of call, there are lots of key factors that you will need to take into consideration before finding the best deal. The location of your home or business, the amount of energy that you use, as well as what sort of meter you have will play a big role in how much you have to pay each month.