What Information Do You Need to Compare Energy Plans?

Every month your energy bill comes to your post, and every month you groan at the amount the energy company is demanding from you. It can feel as though you’re being held hostage by your energy company! If you don’t pay, they’ll shut off your electricity, and who wants to live with their electricity shut off?

Fortunately, you don’t have to live with high energy costs. There are a number of ways that you can lower your energy costs, from getting lower energy bulbs to paying using your bank debit, but the best way to save money is to learn how to compare energy plans.

Comparing Plans

They say that competition is good, and when it comes to energy prices, competition is very good. The fact that you have options available to you means that you should be able to get some fairly affordable prices. Unless you have a contract, you are not required to stay with your current energy provider. It is completely possible for you to switch providers even if you happen to have a contract (although you may be required to pay an early cancellation fee). If you learn how to compare energy plans, you’ll be able to find the best options for your family, which will mean switching and saving a good amount of money.

What Do I Need?

So what do you need to know to compare energy plans? Actually, you only need the following information.

  • What Type of Tariff? What type of tariff do you currently have? Do you have a fixed rate tariff or an adjustable rate tariff? Fixed rate is always the most affordable way to go but most energy companies will only allow you to have this type of tariff for a short amount of time. It’s how they get consumers to choose their company over all the others. You will need to know what type of tariff you currently have because this will make a big difference when it comes to comparing the prices.
  • Your Address. You’ll definitely need to know your physical address. Some people use their mailing address, even if it’s different, mainly because they’re so used to using it. But you’ll need your physical address in order to make sure that the comparison site you’re using is able to pull up the available energy providers in your area.
  • How You Pay. Do you pay your bill using a cheque in the mail? Do you use direct bank debit? How you pay is also very important. Energy providers offer discounts for every client who uses direct debit, so if you’re not currently using this method of payment, you should definitely look into switching.
  • How Much Energy You Use. This could be a bit tricky for some people because, quite frankly, how often do you check to see how much energy you use? Most people don’t, but it’s a good habit to get into even if you’re just doing it to double-check the energy bill you’re receiving. If you don’t know quite how much you use there should be a way to estimate it on the comparison website you’re using.

Switching energy companies doesn’t have to be intimidating. With a little bit of time and a bit of website browsing you should be able to find a new energy company to connect to which will save you a good deal of money.