There are several energy suppliers on the market. As an energy consumer, you should get the right deal. Don’t stick with an energy supplier with exorbitant rates. Select a reliable energy supplier. Consider your options. Think about renewable energy options. Consider the rates. Track record and reliability are also important factors worth considering. Check the terms before switching. If you are using an energy broker, understand what is a letter of authority first. Before switching to your new supplier, consider the following key factors.
Renewable Sources
Before switching energy suppliers, you should review your options carefully. Green energy is extremely affordable and environment-friendly. Renewable energy sources like solar, wind, and biogas can be utilized to generate energy.
It has been proven that green energy offers top-notch benefits for the environment. Investing in green energy will improve your brand’s reputation, reduce utility bills, and prevent environmental degradation.
Track Record
Read as many reviews as you can. Don’t be quick to sign a new energy contract. Take your time to check customer reviews online. This is an excellent approach to assessing the company’s service track record.
Contract Terms
Make sure that the company you’re considering offers fixed energy rates. Being certain of the energy prices will give you peace of mind. You can rest assured knowing that your gas and electricity prices won’t rise throughout your contract.
As opposed to variable energy contracts, fixed tariffs are often quite expensive. But the long-term benefits are outstanding.
Energy Rates
When shopping around for a new energy deal, prioritize cost. In most cases, people switch suppliers because of price. If you realize that you’re being overcharged by your current energy supplier, you’ll want to make a switch.
Most people overpay for their energy supply without knowing. There are countless deals available in today’s market. If you take your time to review various deals, you could end up saving up to 40 percent on your energy costs.
Reliability
Dig deeper into their customer care services. Go through as many online reviews as you can. This will help you determine if the supplier is honest and dependable. You may also want to consider visiting the CRU’s (Commission for Utility Regulation) website to find out if any complaints have been filed against the supplier you’re considering.
Settle for a reliable provider that offers a satisfactory level of customer service. This won’t just ensure that you find the best energy deal, but it’ll also give you peace of mind.
Diversity
You also need to find out if the supplier deals with gas and electricity. Do they offer single-fuel or double-fuel deals? Most companies offer both types of energy. However, some only deal with one type of fuel.
Opting for a dual fuel will allow you to deal with one provider, which makes things a lot easier. It’s also possible to purchase your gas and electricity from different suppliers. This allows you to take advantage of the best discounts offered by the two suppliers. Depending on your preference, you can always find an option that better suits your needs.
Digital Solutions
Conduct some research about the supplier’s online services. Do they offer access to online bills? Do they provide customers with online accounts? These are great ways to assist you to monitor your energy usage.
Incentives
Does the supplier have any reward schemes? Do they have loyalty programs in place? It’s crucial to research existing reward schemes before making a switch.
Tariffs
There are two common types of energy tariffs: fixed and variable. When it comes to fixed tariffs, your energy rate will remain the same throughout the length of your contract. On the other hand, variable rates mean that your energy prices will keep changing every month.
But it’s worth noting that the cost of fixed energy tariffs is quite higher than the cost of acquiring variable tariffs.
Why Switch?
Most people switch energy providers because of exorbitant costs. When they realize that you’re paying more for your energy than you should, you’ll want to find a cheaper rate.
There are plenty of affordable deals on the energy market. Most suppliers currently offer attractive discounts of up to 40 percent for new clients. When comparing suppliers, be watchful of the company’s Estimated Annual Bill (EAB). This refers to the approximate amount you’ll pay per year.
Micro-Business Switching
If you’re a micro business, there are specific rules you should observe when looking for a new energy supplier. If you consume less than 100,000 kWh of electricity per year, you’ll be considered a micro business. Your gas usage must also be less than 293,000 kWh.
To determine your business classification, consider performing a comprehensive audit. This will help you establish how much energy you consume and how to minimize your usage. If you failed to pay your bills for longer than twenty-eight days, your supplier might object to your switch.
If you haven’t also issued your original provider with the recommended amount of notice, you might not be able to make a successful switch. If you’re planning to switch multiple meters, then be sure to include that in your application.
In case your existing supplier objects to your application, your switchover might be delayed or even halted completely. If this happens, try clearing the objection with your provider to see if your request to make a switch will be approved.
Key Takeaway
Does the supplier offer both gas and electricity? Double-check the deal to ensure that it includes both types of energy. It’s always better to opt for a supplier that provides dual fuel deals. This won’t just minimize your costs but it’ll also offer increased convenience. Generally speaking, dealing with a single supplier will make life much easier for you.
Conclusion
Are you planning to make a switch? Well, it’s important to consider the above tips when shopping around for a new energy deal. Check the tariffs, pricing, contract terms, customer service, and available incentives. Conduct your research first. Ask for referrals before making your final decision. Use the above tips and tricks to switch to a better option.
