Many utility companies make thousands a year from customers paying a lot more than they need to, thanks to a kind of habitual loyalty that we develop with our providers – while we might not actively stick with providers we like, we often think it’s too much hassle to shop around and switch!
With prices steadily increasing, this is a mindset you definitely need to get out of. Providers will do anything to get you to join up with them these days – and that includes offering huge discounts and deals to new customers. By shopping around when it’s time to renew your contract, you could save yourself hundreds a year with just an hour’s work.
If you don’t know where to start, don’t panic – there are plenty of services around that will help you compare the different energy providers when you’re ready to switch such as USwitch.com. Do some research and work out your usage, too, as this will give you a better idea of the prices you can expect to be paying. You can do this by simply tracking your meter readings, then entering your results into an online calculator.