As we struggle toward a clean and renewable energy future, the transition period is challenging and confusing for many homeowners. Since the energy sector was deregulated decades ago, many new companies are now offering both electricity and gas. The trouble is that this cascade of information can be confusing for many people!
We all want to save money on our gas and electricity bills, but not at the expense of reliability, convenience, and customer service. The problem gets even worse when we are moving houses because we not only have to disconnect from our existing energy connections, but we also have to call the right companies to set up new ones! But how do you know which company to choose?
How to Compare Energy Companies the Easy Way
There are so many companies that the agony of choice causes many people to simply settle on one of the bigger names without ever giving the others a chance. The truth is that using the right energy provider, whether for gas or electricity, can really save you money. That’s a big deal in an age where everyone is looking to save money, due to the effects of a volatile global economic environment.
It’s also worth noting that because there are more energy companies than ever before in the market, a customer can really take advantage of the deals and savings available. The fact that these companies have to compete with one another for your hard-earned money is definitely good for consumers!
So, when you visit a comparison site like Selectra UK, what can you expect to find out about the energy companies? Indeed, how can you make the best decision? Consider the following:
- Cost: In order to determine the best energy option for you and your family, it is important to break down the numbers sensibly. Many gas and electricity companies may give you a flat figure, but it’s a good idea to base your decision on how much electricity or gas you use per year and per month. Averaging it out this way will give you the tools to make a better comparison. If you know the unit rate charge per kilowatt hour and the daily standing charge, it is possible to work out the monthly and yearly charge based on your average usage.
- Payment type: As a matter of convenience, it is also a good idea to find out how often and by what method the energy company charges. Do they offer a monthly direct debit, as many do? Or is it a different set-up?
- Exit fees: Given the sheer number of energy companies in the market today, it’s a sure bet that you will probably try out more than one over a given period of time. In this case, it is useful to know whether or not there are any exit fees applicable, in case you want to switch to a new energy company.
Not Just the Big Six Anymore
At one time there were far fewer choices in terms of gas and electricity providers. Now there are so many outside of the well-known “big six” that it is a good idea to do a little research and comparison before making a decision and committing your money to one of them.