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How Choosing the Right Energy Supplier Could Save You Money


When it comes to gas and electricity supplies, choosing the right supplier is often confusing and can be a bit of a gamble. With the cost of living rising on a daily basis, it’s more important now than ever to ensure that your supplier is giving you and your family the best, most competitive deal possible – without any hidden costs. Here are some tips that will help you find the right energy plan for your home:

Conduct regular meter readings

Whenever you receive a bill make sure you read your meter. If you don’t, you run the risk of being either overcharged, which will deplete your monthly funds unnecessarily, or worse, being undercharged, which will see you having to fork out a potentially huge amount of money at the end of the year. Never rely on your energy supplier’s estimate.

Set up an ACH direct debit

You can benefit from discounts of as much as five or 10 per cent if you set up scheduled payments direct from your bank account. By setting one of these up, customers agree to pay their bills on a regular basis, and the supplier is therefore reassured that customers who set up an ACH direct debit won’t default on payments.

Check online

If you’re quite happy with your supplier’s service and prices, but bought your supply through a salesman or shop, then take a look online – you might find that your supplier’s prices are even cheaper there. Companies are able to offer cheaper deals online because trading this way reduces their overheads – a saving which they can pass on to their customers.

Shop around

Again, while you’re generally likely to find much better deals online, you can dig deeper to find cheaper. Price comparison websites are a great help in this area. For example, in order to compare gas and electricity prices, various companies will scour its huge database of energy suppliers and packages to come up with the best deals on offer, based on your individual details and specifications.

Use less energy

This might sound obvious, but are you aware of just how much energy your household wastes? Be diligent. Training yourself and your family to turn off lights, turn down thermostats and avoid leaving appliances plugged in when not in use will be easy if you really want to do it. This point doesn’t have to mean huge sacrifice – just a little bit of care, attention and teamwork.

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My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

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