Think Your Energy Deal is Good? 3 Ways It Can Be Better

Getting a good energy deal for your household in the UK could be the best action you can take today. It calls for a bit of celebration if you run your house on a fixed-term, fixed-rate energy tariff. But more often, it has been observed that most UK residents are not aware that their energy supplier has conveniently put them on a relatively expensive default tariff. Stay alert to save more.

Electricity and gas supply are the two essentials in your household that should not cause any unwanted stress for you. Your energy deal in the UK should be such that everything should ideally run smoothly without any need for you to keep poring over your energy bills minutely.

Keeping a check on energy expenses and keeping it in your budget should be a prime concern for you. As it is, COVID-19 has dented the earning potential of millions of Brits. At the very least, you don’t want your energy bill burning a hole in your pocket.

Three Ways to Get a Better Energy Deal

You need to be sure about two energy terms: fixed-rate tariffs and variable rate tariffs. With a fixed-rate tariff, your price per unit of energy will not change during the term of the energy deal.

On the other hand, the price per unit of energy in a variable rate tariff can fluctuate as the supplier deems fit. So long as your energy supplier keeps to the tariff cap set by the energy regulator Ofgem, it’s all a piece of cake for the supplier. And, you don’t get any piece of that cake as the consumer.

What To Do Next?

Ofgem has set the annual energy bill cap for UK households to stand at £1,277. This amount will stay the same till March 2022. Ofgem keeps advising consumers on switching standard variable rate tariffs (SVT). This advice helps you, the consumer, search for a better energy deal.

Here are three ways to support your gas and electricity deal.

1-Check for schemes, grants and energy benefits. Many energy companies help keep home heating costs down by offering schemes or grants. They can help you by making your house energy-efficient. They even provide free service of boiler checks and even upgrades. Do talk to your energy supplier about such grants and schemes.

2-Check for benefits offered by the government. Talk to your friends, check online websites and even call your local council for help, information and advice on such benefits. You might qualify for Winter fuel payment, Cold weather payment, Warm home discount or household support fund.

3-Compare energy suppliers in the UK. You don’t need to be fed up with high electricity bills anymore. You can check out Uswitch. It is an Ofgem-accredited gas and electricity price comparison website. Here you can go over the price rates of different energy suppliers and then decide to go for a cheaper power tariff.

Take confident steps on the energy road. Soon enough, you will have an energy deal that you may be eager to share with your friends and relatives.

Why not subscribe to our newsletter and keep in touch. We cover sectors like insurance, debt, energy and claims in the UK. We would love to hear your own opinions on our posts.

You can even comment below about this post. We are listening. Go ahead.