Get the best deal from your electricity supplier

Get the best deal from your electricity supplier

If you dread receiving your electricity bill through the letterbox, you have two major options available to reduce the amount you're paying - you could change your usage habits to consume less electricity each month, or you could seek out a better deal elsewhere.

This doesn't always have to mean abandoning your existing supplier though; as they may have tariffs that would benefit you more than the one you are currently operating on. Comparing their respective services online can be the most convenient way to see how the savings would soon add up after changing your tariff, especially as some suppliers offer exclusive discounts if you sign up online, rather than over the phone. These can include exclusive deals depending on your age or location, If your gas and electricity are currently supplied by two different companies, there could also be further benefits to consolidating these with a single supplier, under a dual fuel tariff.

If you do decide to switch provider, using price comparison websites can be an effective method of evaluating the various tariffs available - though it can also be worth investigating each supplier's own website to see if there are additional deals available, as these may not be featured on comparison sites but could be ideally suited to your economic situation.

If you continue receiving steep bills even after switching provider, the problem may not lie with your electricity supplier at all - you could be on the best tariff available, but paying more if you're using excessive electricity. Analysing your current usage habits is the first step to reducing your electricity consumption, whether the problem lies in you absent-mindedly leaving lights on when leaving a room or operating older, less energy-efficient appliances.

Replacing outdated equipment may require some initial expense, but the savings could soon add up on your electricity bills. Not all changes have to be drastic either, with energy efficient light bulbs being a cheap and easy way to shave off the pounds.

Many people don't think about their electricity bill until it arrives, and could then risk their supply being disconnected if they are unable to get the money together to pay the bill. This means good financial planning is also essential, especially as some suppliers offer discounts and cashback incentives if you pay your bills on time by regular direct debit each year.

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