MONEY, MONEY, MONEY
In an ever changing and unpredictable Energy Market, it's important that UK consumers regularly review their supplier and tariff.
If you Compare Gas and Electric Unit Prices, It could in some cases, literally mean hundreds of pounds in YOUR POCKET.
And with today's current economic climate, your pocket is definitely were your money belongs.
IGNORE THE DETAIL AT YOUR PERIL
Most consumers tend to judge how competitive a supplier is by their monthly direct debit amount.
In many cases this can be false economy due to the peaks and troughs of consumption and estimated bills.
EXAMPLE: your direct debit may be low because your supplier has over estimated and you have built up a huge credit on your account. And instead of your supplier refunding your money they drastically reduce your direct debit amount to clear the credit.
You may think you are getting a good deal on your monthly amount, but you could still be paying anything up to 25% MORE on your unit prices... FACT!!
You may think you are getting a good deal on your monthly amount, but you could still be paying anything up to 25% MORE on your unit prices... FACT!!
The only way to check your current supplier on price is to:
This isn't as painful as it sounds by the way. Your bill may look confusing but I'll explain a couple of things to clear the muddy water.
Two Tier Pricing
Two Tier Pricing
Most companies charge two prices, tier1 and tier2. (the name for this may vary) This method is basically disguising the standing charge we all use to pay.
Tier1 is higher and is charged for a set number of units over the year (this number can differ from one supplier to the next)
Tier2 is a lower unit price and is charged for the rest of your energy consumed over the year.
Standing Charge Pricing
Tier1 is higher and is charged for a set number of units over the year (this number can differ from one supplier to the next)
Tier2 is a lower unit price and is charged for the rest of your energy consumed over the year.
Standing Charge Pricing
Some companies still use the traditional method with one set unit price for all the energy you use and a daily standing charge. I personally prefer this method for its transparency and ease of working out.
Choosing The Right Method
Some companies offer you the choice: two tier or standing charge.
Don't worry, there is absolutely no difference. If you worked the same annual bill for the same supplier using both methods, they would be virtually identical.
Compare Gas and Electricity Unit Prices
Choosing The Right Method
Some companies offer you the choice: two tier or standing charge.
Don't worry, there is absolutely no difference. If you worked the same annual bill for the same supplier using both methods, they would be virtually identical.
Compare Gas and Electricity Unit Prices
Ok, this is the good part. I hope the mystery of the confusing energy bill has been solved for you now. You don't need to be a mathematical genius and work out the bills for yourself to compare gas and electricity prices unit prices.
This is all you need:
1. Your bill or statement should tell you what tariff you are on whether it be standard, fixed, capped, discounted etc.
2. Your bill or statement should also tell you how many units of gas and electricity you have used in the previous 12months. This applies to all bills after July 2010. This may not be included if you have been with your current supplier for less than 12 months.
Once you have this information, simply Compare Gas and Electricity Unit Prices with all the suppliers in the UK market and save some money. In some cases, this can be hundreds of your hard working pounds IN YOUR POCKET!!
Here are the "Big Six" suppliers in the UK.
Compare Gas and Electricity Unit Prices with the "Big Six" and all the other suppliers in the UK by using this FREE and impartial Energy Search Engine.
Compare Gas and Electricity Unit Prices with the "Big Six" and all the other suppliers in the UK by using this FREE and impartial Energy Search Engine.
Good luck and enjoy the savings!!
