August 17, 2020

Compare Electric Deals

By ud-admin

Wait!!! Before you switch your Electric contract, please read below:-

Electric Deals

Electric prices keep on fluctuating. As soon as the wholesale price rises, energy suppliers pass on the burden to customers by hiking electricity tariffs.

Most of the customers are finding it difficult with the increasing energy bills! Therefore, we always recommend to compare electric deals from time to time and switch to a new energy supplier or even renew with your existing suppliers, provided you are getting a good deal. To get a good deal, compare energy deals offered by different suppliers every year. Both residential and commercial users should compare electric deals and switch to a new energy supplier in the following circumstances:

• Prices are about to rise- It is a no-brainer that when one energy supplier increases the prices, others also follow the suit anytime soon. So, if you come to know about the price rise of fixed or variable electricity tariff, start your legwork from that moment only. It is always beneficial to compare electric deals and secure your deal.

• When Winter approaches- The electricity bill rises as soon as winter approaches. We use extensive light to brighten and heat our homes and commercial buildings. So, make significant savings by switching to a better deal before it gets darker and colder.

• Your Current Energy Deal Expiring Soon- Fixed-rate energy tariffs are cheaper then variable tariffs and it can be fixed between 1-5 years and a consumer needs to pay penalty if they choose another supplier in between. Thus, if your current energy deal is expiring in the coming 12 months for commercial clients, start comparing electric deals. At Utility Deals we offer a Free Bills health check-up and help you claim back VAT and give you impartial advice.

• Factors to Look while Comparing Electric Deals of Other Suppliers- These are two important factors to consider when you are comparing the energy deals of different suppliers:

• Tariff Comparison Rate- Always look for the Tariff Comparison Rate (TCR) of all suppliers while making a comparison. It is a standard component of an electricity bill but the tariff rate may vary from one supplier to another. The price of TCR does not give a concrete idea about the final price of an electricity bill but it eases the task of making a comparison.

• Exit Fees- Once you are signed up in a fixed tariff, you should not leave your current provider as it may incur a penalty charge. However at times the savings are a lot more than a small amount of exit fees, hence, some customers leave their current suppliers and switch over to a new supplier. The amount of exit fees varies from one supplier to another. While comparing electric deals, pay special attention to the exit fee component as if you are making an annual saving of say £ 40 but need to pay an exit fee of £ 30, then it is a wise idea to wait till the end of the term before switching.

There are two ways of comparing electric deals. First, a person should collect quotes from all suppliers available and make a comparison. The second option is to appoint a genuine and the UK registered energy consultant who does not charge you money for help you source the deal, assist with the switch over process, provide a dedicated account management service and provides aftercare service, so think wisely and make an informed decision. If you need a Free no obligation Bill checking service, please talk to our energy experts.