Ensure you are Paying the Lowest Amount for Electricity Prices by:Kim Chambers
Most will have heard about recent cuts in electricity prices from British Gas which
follow on from gas prices cuts in February and cuts from both energy types from other providers in March. Now seems like a good time to check if your provider is offering you the best deal or if it is now cheaper to switch to get cheaper gas and electricity prices.
Knowing if you are getting the best deal is difficult to determine as although there are only six major providers in the UK they offer quite a few tariffs from standard, on-line, duel fuel, discounted night tariffs and each with their own set of conditions.
The simplest method is to use a comparison service. There are on-line websites that allow you to compare electricity and gas prices with ease and at a time, day or night that is suitable to yourself. Dig out your latest quarterly statement or take your electricity and gas readings so you can an accurate picture of the savings that are possible by switching to the cheapest provider in your area. I saw your area as the energy prices vary across the country and some are cheaper than in others in certain areas of the country as some offer different prices depending on your location.
When you start your quote, bear in mind that it is best to opt for switching both your electricity and gas supply to the new provider. This is because you will often get a sizeable discount for taking both of your energy supplies from the one supplier.
Also going for the monthly direct debit will see you net around a ten percent saving on electricity prices and gas compared to paying a quarterly bill with most providers. Using a direct debit is also great for those who like to know what they are going to pay out each month on their bills as with a direct debit you will pay the same amount every month. In the summer months you will be paying more than you are using however come to winter the surplus you have accumulated on your account will be used to make up the difference on the bill. Direct debit will help you budget your finances.