If you’re worried about the cost of gas and electricity, you might be looking for ways to lower your utility bills. From energy comparison sites to switching providers, here are ways to find the cheapest electricity provider that don’t involve turning down the thermostat.
In the long-term, smart meters, better insulation, or a modern a-rated high-efficiency boiler can reduce the amount of energy you consume, and are all good ways to save money on gas or electricity bills.
However, often the quickest and most cost effective way to avoid overpaying on household bills is simply to switch your energy supplier 🔌
You can do this by using energy provider comparison sites to seek out the best deals, however this can often become confusing and time consuming, and time is money!
Finding the cheapest electricity provider
Energy providers often give their best prices to new customers, charging more for the same service once a tempting introductory rate expires.So how much can I save switching energy suppliers?
We calculated that customers who switch energy suppliers with Plum could save at least £140 and when it only takes 2.5 minutes to switch with Plum…That's equivalent to being paid £56 per minute 🤑
How to do an energy price comparison
1. Select your price comparison website. Bear in mind that some energy providers might not feature on certain websites so you may have to use a couple, or even go directly to the supplier for a gas and electricity quote.
2. Enter your details. What information do you need to switch energy suppliers? This could include how much you pay, usage, current provider and postcode.
3. Search the deals. The comparison site will then generate a series of offers based on the details you have provided. It is up to you to sift through and find the cheapest electricity provider.
Energy price comparison websites can be a useful tool if you are looking to switch providers. You can compare your current plan with others to see which provider is offering the cheapest electricity deal.
However it can be time consuming, complicated and leaves you to sort through the details of switching energy suppliers.
How Plum can help you lower bills
Plum automatically analyses payments to your current energy provider and identifies if you’re being regularly overcharged, so there’s no need to navigate complicated price comparison sites.
You’ll be notified if there’s a better deal available, and Plum can switch your supplier for you in 2–3 minutes with just a few taps in the app 📲
No need to handle confusing comparisons, or even deal with your old provider in most cases (because breaking up can be hard) 💔
You can also visit our Lost Money tab within the app at any time for a better deal on home energy, broadband, car insurance and loans. Learn more about how Plum can help you make the most of your money.Download Plum
Want to learn more about saving money on energy? Check out our earlier article on when the Ofgem price cap increase will happen.