Before you switch to a power provider or charger, it is a good idea to look at all the different types of electricity and gas. Each gives you different options, so it’s important to choose the one that best suits your needs. Electricity and gas comparison sites are also very useful and can give you up to date information side-by-side.
If you are looking for a cheaper option
It is usually best to choose ‘fixed’ or ‘fixed’ taxes if you have no problem signing a contract for a set period of time – usually 12 months.
Your energy costs will not increase with the length of your contract, so your debts change only if you use more or less energy. Compare gas and electricity providers when considering this as it can vary.
It is a good idea to choose one of these payments if you find it difficult to budget – your bills will usually be the same every month when you pay with Direct Debit.
Register only if you plan to stay on the tax length for the contract length. You will usually need to pay a fee if you want to change supplier or early payment.
If you plan to move soon
You can get a ‘normal’ or ‘flexible’ payout if you don’t want to be tied to a contract. This means you can switch to a different band or provider to get a better deal at any time without charge.
These payments are often more expensive than random deals.
If you think you may have difficulty paying your bills or find it difficult to budget, it is best to apply for a ‘fixed’ tax if you can.
If you use most of your energy at night
You can get paid for ‘bulk’ or ‘economic’ – this means you’ll pay less for the energy you spend all night and more during the day. This is an important aspect for gas and energy providers and something that you should definitely electricity and gas compare.
This is useful if you work at night, or have electric heaters, as these ‘charge’ at night.
These fees are usually beneficial if you deliberately use a lot of energy at night.
If you have a prepayment meter
You will usually be limited to ‘prepaid rates’ – this means you pay for your energy before you use it. Even the cheapest prepaid tax will cost you more than the cheapest debit, and there aren’t many options.
If you are not in debt to your provider, consider whether the prepayment meter is right for you. It is a good idea to switch to a standard meter and pay monthly. With a prepayment meter, you can be left powerless if you pay late.
If you are looking for eco-friendly power
You can choose ‘green tax’ if you want your energy to come from renewable resources such as wind or solar energy. These charges are usually more expensive but reduce your carbon footprint.
If you pay raw taxes, your supplier must tell you:
- how many of each type of renewable energy they produce
- if they invest in environmental programs on your behalf
When you are looking to change electricity and gas provider it is essential to do your research. These services aren’t cheap and some providers don’t offer the same level of service as others. The best way to figure out which one is best for you is to compare electricity and gas providers using comparison sites. Do this after you have considered the above points so you know exactly what you are looking for.
