Cheap Electricity

There is one way to slam the door on annoying sales touts promising to cut your electricity bills – tell them you know that you already have the cheapest. Here is the five-minute solution to compare electricity prices, find the cheapest electricity provider, cutting your electric bills by up to 20%, plus maybe even a cash kickback on top.

The quick answer is use energy comparison service to find your best electrical tariff with the cheapest cost. However, reading this article assures you’ll understand why and possibly can get better savings at a cheaper price.

What does changing an electrical supplier entail?

There is actually very little practical change. You get to keep the same pipes, circuits and wires, safety coverage, and gas and electricity flowing through the house.

Only the customer service, billing and, most importantly, prices change. The new electricity supplier performs the switch; all you need to do is take a power meter reading.

Of course, there have been many switching “horror stories” and sadly these still happen, but for most people it is a smooth process with big savings.

Those who have never switched (for example using British Gas for gas and your Regional Electricity Company for electricity) can save up to 20%, whilst others can still save up to 10%.

Finding your cheapest electricity supplier.

This is a complicated equation based on where you live and how much, of what, energy you use. Thankfully, a range of phone and online web companies provide free electricity price comparison services. Simply plug in your post code and usage and they tell you which is the cheapest.

These companies comparing electricity prices make their income from relationships with energy providers and electricity suppliers, who pay them a lead fee between £20 and £50 per switch. In other words, they are referral businesses.

This is not actually a problem, because there is no additional cost and, if they are Energywatch approved, there are fairness guidelines and standards.