5 Aspects to Consider Before Switching Your Electricity Supplier

Opting for an electricity supplier with cheaper rates or monthly plans is not always a good idea. An affordable plan can help you save money without compromising usage, but you may miss out on several other benefits by focusing solely on cost.

For example, Rhythm is a Texas electricity provider that offers 100% renewable energy plans, which can benefit you and the environment. Below, we have compiled this guide to help you look closely at what aspects you must consider before making the switch.

Points to Consider Before Switching Your Electricity Supplier

1.    Renewable Energy

Green or renewable energy is the most crucial aspect to consider if you want to play your part in preventing global warming. Opt for an energy supplier that offers 100% renewable energy. The electricity they provide should be generated from solar energy, wind energy, or renewable biogas.

This will ensure that you will get an electricity supply that does not release toxic gasses and fumes into the environment upon production. Not using fossil fuels also means you will get a consistent electricity supply for a very long time.

2.    Excellent Customer Care

Electrical wiring and supply can get damaged and may require maintenance over time. You must opt for an electricity provider that offers excellent customer service to ensure that all your queries and issues are handled promptly and efficiently.

An excellent way to see whether a company’s customer care is up to par is by looking at annual reports and the company’s legitimacy. You can do so by searching for complaints to see how well the company handled them. You could also check Feefo, Trustpilot, and Google Reviews for customer feedback.

3.    Multiple Fuel Types

Some suppliers may offer both gas and electricity connections. Opting for a company that offers dual fuel will reduce the hassle of dealing with another company for a gas supply. However, you can also opt for separate plans if that seems more affordable or if you are being offered discounts. It is important to note that working with two companies can be a lengthier process as you will have to get two separate installations.

4.    Online Services and Rewards

If you like the idea of online services that allow you to monitor your electricity supply right from your smartphone, choose a company that offers an app or website to aid this. You will be provided access to an individual consumer account where you can get the latest information and check your billing status. The graphs, charts, and usage data on an app can help you become energy-smart and balance out daily consumption.

Opt for a supplier that offers loyalty points and rewards if you wish to avail discounts. This can make electricity even more affordable, and you may also get your hands on a few new electrical devices to help you achieve this.

decarbonize global energy system

5.    Pricing and Plans

Some companies offer monthly or yearly plans, while others offer a fixed rate. Choose an electrical energy supplier that allows you to cover the energy consumption of your house at an affordable rate. You may also want to pick between fixed rates or variable rates.

A fixed rate will not lower costs or offer discounts. A variable rate might fluctuate over time and become costly but may offer discount plans. You must research before you opt for any package or plan.

Endnote

Doing your research and assessing beforehand will allow you to pick a supplier that will provide you with ease of mind for a long time. You will not have to compromise on usage, won’t have to pay large bills, and will also be contributing to the environment by picking 100% green electricity.

4 Ways for Finding the Most Affordable Electricity Supplier

Have you recently checked out your energy tariffs? If not, then you need to be paying more attention to it now. Keep in mind that your energy bill doesn’t merely indicate or show how much energy you consume.

Take note that your postcode plays an essential role in tracking down how much you pay. According to your region, energy providers charge different rates, although they’re offering the same service. Even if there’s hardly anything you can do about price variations, you can look for the most affordable electricity provider in your region and ensure you are on the optimal tariff.

To save on your energy bill, it might be time to switch to a new supplier. For a little help, here’s how you can find one.

1. Compare Energy Prices

To analyze all the tariffs for every region as well as the payment method to discover the most inexpensive electricity supplier near you, you can leverage many online services such as the Compare Texas Electricity Rates, Prices & Plans at Eligo Energy.

To start, you need to register online your postcode or zipcode and information about your usage, tariff, and energy supplier. Once you’re done, you can compare deals throughout the market and get the best offer possible.

Keep in mind that aside from ensuring you are on the best available energy deal, you can keep electricity and gas bills to a minimum by making sure that your home is energy efficient. There are short-term measures to save energy that includes;

  • Using low-consumption bulbs.
  • Lowering down your thermostat by one degree.
  • When using an electric kettle, it is wise only to heat as much water.
  • Choose draught-proof doors and windows to cut down heat loss.
  • Turn off standby electrical items.

What’s more, there are long-term measures to save energy that includes;

  • Installing a condensing boiler.
  • Proper insulation.
  • Installing cavity wall insulation.
  • Purchasing energy-efficient electrical items.

2. Switching Incentives and Refer-A-Friend

A lot of energy providers are now presenting or providing financial rewards for shifting to them. And it includes refer-a-friend deals. So, if you are invited to switch energy providers through a refer-a-friend scheme, ensure you check and examine the following:

  • Customer service
  • Exit fees
  • Attached conditions to the switching incentive
  • Price compared to other deals
  • Price of the tariff

3. Variable Vs. Fixed Energy Tariffs

More often than not, energy deals arrive in two types: variable and fixed. The question now is, which is best for you? Variable tariffs can alter in price every time your energy provider changes its rates. The default tariff of your supplier will typically be a variable deal.

That said, if you are committed to an energy provider for a couple of years, or did not change after your fixed tariff ended, it is likely that you are on its default tariff. Take note that default tariffs are liable to a price cap, which is a cap on the price for every energy unit, not on your total bill.

Even so, a few small energy suppliers provide variable tariffs that are more affordable compared to large suppliers. Although they can alter their rates too, these suppliers are surely worth considering, especially if you want to pay less without a fixed contract.

On the other hand, fixed tariffs settle the amount you pay for every energy unit you consume for the particular period. Meaning, you know the price beforehand, and it will not increase throughout the contract period. Therefore, if the energy provider increases its prices, yours won’t. However, you will not benefit if the prices decrease, either.

Which is more affordable between the two? Well, the most inexpensive deals out there tend to be a combination of variable and fixed. As such, it is not easy to choose between the two.

4. Avoiding Exit Fees

Before you even decide to change the energy provider, be sure to check the agreements or terms of your deal. If you choose to withdraw a fixed tariff before your contract ends, you might have to pay an exit fee.

However, do not let this dismay you because not all fixed-term deals include exit fees. So, if you switch, better choose one without exit fees. Also, your energy provider cannot charge an exit fee if you shift provider in the last forty-nine days of your term. Moreover, if you are moving home, you don’t need to pay exit fees.

Takeaway

If you have switched energy providers, there are a few things you can do to ensure that your bills are accurate. You can send your meter readings to your provider to ensure you are being billed only for what you consume. Aside from this, you can ask for a refund if you are unduly in credit.

Also, be sure to determine the end date of your fixed-term tariff before you switch to a new deal so that you won’t be moved to a default tariff.