It’s at this time of year that I look at giving our finances a long overdue overhaul. I have energy supplier deals coming to an end, insurances that need renewing and the bank accounts need a good seeing to, especially after the big Christmas hit. It’s not always plain sailing when it comes to checking for the best deals. So many questions always run through my head when trying to work out who the best suppliers are, who’s offering value for money and panicking about how easy it is to switch from one provider to another (just in case we choose to do that!).
When it comes to checking energy deals I never really know what I’m looking for. I don’t get standing charges and what not and when the bill lands on my door, or in my inbox, it’s full of things I don’t understand. Having said that, I think knowing how to read your bills is one of the most important factors in deciding which deals are the best for you. Not only by understanding it will you know what you’ve spent your money on, but it can help you work out what deals might be best for you. And so I’ve taken the time to get to grips with my energy bills this year and really know what I’m looking at.
The ‘Be an Energy Shopper’ site has been the main tool for helping me understand my bills this year. They’re all about making your energy bills easy and simple so that you can take a closer look at how much energy you’re using and what you’re actually paying for. They’ll then help you decide if you’re on the best energy deal. Becoming a savvy energy shopper is one of the best steps you can take to ensure you’ve got control and lots of people are doing it. It’s no secret that people are looking at ways to save money this time of year and this could be a big saver if you’re in the know.
Reading Your Bill & Annual Statement
Learning how to read your bill is the first step to understanding. Be An Energy Shopper have a page totally dedicated to helping you do this. It’s especially difficult when different providers lay out their bills differently so it’s worth taking a look. Things such as your tariff name, right down to the unit rate and exit fees are alien to a lot of people and are all explained on this super handy page. Get savvy!
Why Should I Look At Switching My Energy Supplier?
Energy bills are more or less the number one worry for most consumers. They can take a huge chunk out of your bank account every month, especially if you’re not on the right deal, or with the right supplier for you.
Once you’ve received an annual statement you’ll have all the information you need to make comparisons. Be An Energy Shopper suggest checking two or three comparison websites as this is a great way to get started when you begin shopping around for energy. All the energy comparison sites are “Ofgem-approved” and are independent.
All the options and prices you’ll find will be calculated and displayed in a way you can understand all while being fair and accurate. This means you can have some confidence when shopping around for your energy. Be An Energy Shopper even have a downloadable comparison notepad to help you keep track of what you’re being offered!
How Easy Is It To Compare & Switch?
Contrary to popular belief, switching energy suppliers is much more straight forward than people expect and with technology coming on in leaps and bounds, it can only get easier. I’ll admit when we first had to switch suppliers I was dumbfounded and a bit worried I’d end up with two bills but it went so smoothly.
By switching you’ll have peace of mind knowing that you’re on the best deal you can find, and you’ll be saving money!
Ofgem’s ‘Be an Energy Shopper’ has been instrumental in ensuring I understand my bills and making sure I’m on the best deal; even with exit fees from my existing provider. Every single energy supplier in the UK has been listed which means no stone has been left unturned when it comes to finding the right deal and the right price.
So what are you waiting for? Ofgem’s ‘Be An Energy Shopper’ literally leaves you with no excuse to get checking you’re on the best deals all while understanding what you’ll be paying for!
*This is a collaborative post with Ofgem.