Paying too much for gas and electricity


Latest Government figures indicate that most consumers

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are still paying around £300 a year more than they really need to be paying. Regular energy switchers are saving around £200 when they switch supplier, but consumers who don’t normally switch supplier are more likely to save in the region of £300 when they switch to a cheaper online tariff.

Catching on

It’s good to see there was an increase in consumers switching to these cheaper tariffs during 2015. In fact, there were 6 million more consumers switched supplier than the previous year.

Excuses for not switching

  • It’s too much hassle
  • I don’t understand it
  • I don’t believe I’ll really save anything

Reasons to switch

  • It’s no hassle at all. Your new supplier will handle the whole process
  • The only thing you need to understand, is how much you currently pay, or how many KWH you consume in gas and electricity. This information is on your bill.
  • When you compare prices online, you will see exactly how much you will save.
  • If you haven’t switched for a long time, or never switched, your supplier will have you on their most expensive standard energy tariff.
  • Simply put, you will save money when you switch to an online tariff.

The downside

There are a few new suppliers who may cause some problems through their learning curve. You can avoid this by not choosing the cheapest tariff. I would go with one of the following suppliers cheapest online tariff.

If you see your existing suppliers name here, it does not mean their cheapest tariff will be available to you. Just choose whichever one you see available on the comparison site. The Government Accredited sites are listed below. These are approved by Ofgem.

 

  • Scottish Power
  • EDF Energy
  • First:Utility
  • SSE
  • nPower
  • E.ON
  • iSupply
  • OVO

 

Ofgem Accredited Comparison Sites

If you are going to switch to a cheaper online energy deal, then use one of the Ofgem Accredited sites. They are governed by a strict set of rules which put the consumers needs first!

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This is a full list of the Accredited sites

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