Should I Switch Energy Supplier for good deal

Rising energy prices have promoted businesses and homeowners to shift their energy providers more frequently compared to the past. Consumers today are looking for ways to save on their energy bills more than ever during the last 2 years. However, the debate on whether switching the energy supplier is a good or bad idea still needs to be settled. This blog aims to address the question by providing a comprehensive overview and let you decide the rest. 

What is the Best Time to Switch Your Energy Supplier? 

The best time to switch your energy supplier is usually before the hike in price cap. Generally, you should look for the best electricity providers in UK before your contract ends. The switching window opens once you have 49 days left from your current contract expiration as per the Ofgem rules. Ideally, you need to review your energy contract after a year and compare it with what is being offered in the market. Furthermore, it is important to fix your rates because you will be charged standard rates once the contract ends, which will be usually higher than the current rate. 

Advantages of Switching Energy Supplier 

Let’s talk about the benefits of switching to the best utility provider alongside the factors you need to consider when making a switch. 

Less Energy Bill

A major factor in switching energy suppliers is getting a lower price to save money on your energy bill. Energy suppliers offer multiple energy tariffs and packages to choose from. Exploring different energy suppliers and comparing the rates can help you save a good chunk of your energy bill to get the cheapest electric supply.

Customer Service Improvement

Customer service is an important aspect especially when you are reliant on a provider for smooth business operations. If your current energy supplier has delayed or inefficient customer support service, you should consider switching to a supplier with better customer support. Make sure you do in-depth research about their customer service experience before you make a switch. 

Renewable Green Energy Switch

If you as a business owner want to play your part in decreasing the carbon footprint, you may opt for renewable energy as more companies now offer renewable energy tariffs where your energy comes from solar or wind. Switching to sustainable energy can help you make a difference for your future generations. 

Tailored Energy Plans 

When choosing an energy supplier, your options can be as diverse as consumers’ needs and budgets. While one energy provider might attract you due to flexible payment plans, while others might entice you with the offer of a free smart meter. Similarly, if peace of mind and predictable energy bills are your thing, then you will feel comfortable with fixed-rate plans. The real essence lies in switching to a plan that aligns with your lifestyle potentially saving on your energy bills. Top energy companies in UK  offer smart metres which help you save the hassle of manual meter reading while giving you a clear picture of your energy use and making it easier to manage.

Loyalty Points Help You Save on Energy Bill  

Loyalty points are awarded to customers using energy via energy companies, these include various benefits or discounts on energy costs. If your current energy supplier is not offering loyalty points, you can change your energy supplier to take advantage of these points by opting for suppliers who offer such incentives for the customers.

No-Contract Plans

Chances are your current energy supplier does not offer a no-contract plan, thus locking you in a long-term or short-term contract. If you are looking for more flexibility, you can opt for such electricity providers offering no-contract plans, thus enabling you to make a switch if you find an overall better energy plan for your business. 

Should You Pull the “Switch” 

The answer is Yes and No! If your contract is expiring soon, then it is best to do research when choosing electricity providers in London. However, if you are locked in fixed rates, you should stick with your current energy suppliers as winters call for overall increased energy prices. 

There are some other factors as well. For example, if you are not satisfied with your current energy supplier, it is better to switch to a reliable energy supplier for a better experience. 

Checklist for Choosing Your Energy Provider

If you have ultimately decided to switch your energy provider, the next step is to ensure you judge the best electricity providers in UK  based on a few factors as below. 

Read between the Lines of Fine Print: 

Carefully look for any hidden charges or fines as they can increase your energy bill. You must read the terms and conditions carefully. 

Check Supplier’s Reputation: 

It is important to extensively check for the reputation of your next energy supplier before committing to an energy supplier. Look for remarks from energy websites, check reviews and ask around in your circle. 

Inform Your Current Supplier:

Once you have decided to make the switch, you need to inform your current energy supplier that you will be switching. Usually, your current energy provider will coordinate with the next energy supplier for a hassle-free switch. 

Setup Your Account: 

You will need to set up a new energy account on your next energy supplier, once your service has been transferred. This involves filling out detailed paperwork and providing payment details for your new energy plan. 

Verdict: 

Switching energy suppliers will always be a topic of great debate among business owners. Some business owners rely on the same best utility provider for years, establishing a long-term business relationship with the provider. Whereas, others are more conscious about the cost and securing the cheapest rates. Nonetheless, the decision to switch energy suppliers should be taken with great research and planning ahead of time so you make the right decision when it’s time to switch.