Are you a resident in the UK who struggles with the hike in utility costs? Then you are not alone. Office of National Statistics states that two-fifths of population have the problem of rising energy costs. In addition to that 44% of the population is reducing energy usage to reduce the expenses. There is one major decision you can take to reduce the energy costs. You can choose to switch between energy suppliers to reduce the energy consumption costs. Do you want to know more about this possibility? We have got all the details regarding the cheapest energy suppliers and the ways to convert to them. This article has the details that are required for you to choose a better energy supplier in the UK.
Let us dig in:
Choosing the Best Energy Supplier: What you need to m know?
If you are living in the UK and having trouble with electricity bills. you may want to consider switching the provider. The reason for switching may include:
Cost Saving: The price at which electricity is delivered will be variable depending on the provider. When you switch to a new supplier the chance of getting a favorable contract on a price adjustment mechanism and liquidity management mechanism is high.
Quality of service: The customer service provided by the new service provider can be better in terms of professional service teams and easier communication channels.
Market changes: Price fluctuation in the energy market as well as changes in government in government policies can affect the price of energy.
Cheapest Energy Supplies
When you start searching for new suppliers the first consideration is always the price factor. Let’s take a look at the supplier’s list and find the best-suited supplier according to your preferences.
Octopus Energy: One of the cheapest gas and electricity suppliers in the UK that relies on clean energy. It is a global clean energy company that is at the forefront of research, application, and promotion of new energy technologies. It uses Solar, Wind, Energy trading, etc. The energy charges of Octopus Energy have always been cheaper than other energy suppliers.it is one of the most awarded energy suppliers in the UK.
Outfox the market: Established in 2017, It is a relatively new energy provider. But it is already recognized as the “Best Supplier of 2021”. It has been consistently one of the top three companies in the Citizens Advise Energy Supplier Survey. And Outfox the market does not have any hidden charges.
E.ON: E.ON is the largest electricity and gas company in the world that operates in the Gas and Electricity sector of Europe. It has a customer base of 5.6 million customers in the UK. E.ON has been promoting renewable energy by investing 3.5 billion in renewables since 2009.
Shell Energy: It is an international energy company founded in 1897 in UK. Now it is one of the largest independent energy suppliers in the world. Shell aims to play an important role as the UK seeks to strengthen its energy security and achieve net zero emissions by the year 2050.
Utilita Energy: Utilita Energy is one of the most affordable energy suppliers in the UK. They do not have fixed charges. Therefore customers can only pay for the energy they consume.
Scottish Power: Scottish Power has a transmission grid in southern Scotland and supplies gas to businesses and homes across the UK.
Which is the cheapest energy tariff?
After fixing an appropriate supplier you should select the appropriate tariff. You can select the appropriate tariff from the given tariff plans according to your choices.
- Fixed Energy Tariff: The fixed tariff in gas and electricity offers a fixed rate per kilowatt hour for a fixed period.
- Standard Variable Tariff: In this tariff plan the unit price of the gas and electricity can be changed by the provider with prior notification.
- Dual-energy Tariff: This is a tariff plan that combines the supply of both electricity and gas from the same supplier.
Switching Energy Supplier
Have you decided to switch to another energy supplier? There are certain things you need to keep in mind when switching your energy supplier. Here is how you can make the best choice:
- You have to check the current energy supplier to compare it with other options.
- You can check online websites that provide comparisons.
- Ensure the pattern of your energy consumption. Check the electricity and gas bills to analyze your energy consumption habits.
- Check for the available payment method options.
- There are different types of policies under the government that you might be able to use. If you are a student you might have some preferences.
- You can compare among the various available options to choose one.
Final Thoughts
In this context of energy fluctuations it is important to choose the affordable energy supplier is very important. As the UK has a competitive energy market users can make use of the best deals with good customer service. There are emerging players in the market which provide you with affordable rates than traditional suppliers. To tackle the hike customers should regularly compare offers from different suppliers. By analyzing and comparing the suppliers the customer can choose what suits them the most. Before taking the decision it is better to have your research about the pros and cons of switching your energy supplier. Ensure that you are making informed decisions.
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