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Should I switch energy suppliers? Switching your energy supplier has the potential to be a positive change for you – but that’s not always the case. Whether you’re looking to switch your tariff for domestic or commercial usage, it’s a big decision that deserves a good amount of forethought in order to get the best results for you.  Below, we discuss the benefits and drawbacks of switching your energy supplier. Should I change energy suppliers? In part, the decision of whether or not to change your energy supplier should depend on the experience you’re currently having. You might already have the best possible deal for your needs – but it’s always a good idea to keep an eye on the tariffs available so that you can decide whether to switch if a better option appears. Reasons for There are many ways in which switching your energy supplier can be a good thing.  Switching your energy supplier can allow you to access a better rate than what you’re currently paying. For example, if you are currently on a variable tariff, you may find a fixed rate tariff available that saves you money.  You should always research energy deals carefully, as some deals may appear cheaper but actually be more expensive in practice. For example, a fixed price tariff may be the cheapest option available now, but if the base rate cost of energy goes down, variable rates could cost you less in the long term. Conversely, if the base rates increase, your energy bill might go up considerably on a variable tariff, but stay where they are on a fixed tariff. For this reason, the decision to switch energy suppliers shouldn’t be taken lightly.  If you’ve had a less-than-pleasing customer experience with your current supplier, then switching to a different one could help you to get the experience you deserve. There are also other perks that could be unique to a given company – or that company simply does them best. This might include special offers, customer loyalty rewards or support packages to make the transition as smooth as possible. Some suppliers can even be more environmentally responsible than others. Lots of people assume that switching energy suppliers is a hassle that they’d rather avoid, even if it means paying more than they need to for their gas and electricity. In reality, switching energy suppliers is simple, and doesn’t take long.  First, you compare energy prices to find the best tariff for you. Then you process the change, informing your existing supplier and the new one that you’d like to switch. Finally, the switch goes through – in most cases with no interruptions to your supply – and you begin paying your new rate. Usually, it takes around three weeks from start to finish to switch energy suppliers, so you could be reaping the benefits sooner than you think. Reasons against If all we’ve said above is true, why should you even think about not switching? Well, there are some circumstances in which it’s best to stay where you are. This includes situations where… Depending on how long it’s been since you started your current energy tariff, you might find that there simply isn’t a better option available on the market. Don’t just consider price – remember that other factors such as customer service, support facilities and the types of energy available can all affect whether a tariff is the best choice for your needs. For example, if you’re environmentally conscious, you might prefer to pay slightly more in order to support an energy supplier that shares your values.  Usually, when you switch energy suppliers, you’ll keep the same hardware – pipes, mains connections and meters. However, there are some situations where your current meter might not be compatible with a different supplier, meaning there may be additional complications associated with switching to new hardware.  In many cases, switching can help you to change your energy bills for the better, but it’s always important to check and double check the changes you’re making to ensure they really are as good as they seem. It’s the best way to save time and money in the long run.

How to calculate energy usage? Many people find that energy costs are one of their biggest bills, whether that’s for domestic energy needs or a commercial venture. Knowing how much energy you’re using is the first step towards making a change to achieve lower bills in the future- but how can you find out how much energy you use? How to measure energy usage The simplest and most accurate way to see how much energy you’re consuming is to use an energy monitor or smart meter. These devices monitor how much gas and electricity is being used in real time, allowing you to see your energy usage on a simple display screen. Some will let you know how much your bills could amount to based on current levels of usage and even allow you to look at past data (e.g. the last month or the last week) to see how your usage changes over time. If you don’t have an energy monitor or smart meter device, don’t worry. You can still track your energy usage, but you may have to do so manually. When your energy bills come through, the details should include information about the price you pay per unit of energy and the total cost, allowing you to calculate how much energy you’ve used. All you need to do is divide the total cost of your electricity usage by the price per unit and that will tell you how many units of electricity you’ve used over the period that bill covers. Do the same with your gas bill to get a fuller picture. Why calculate energy usage? When you calculate your energy usage in terms of the number of units used instead of how much it costs, you give yourself a fair measure to work with. Over time, energy costs can fluctuate, meaning that the price per unit changes. Comparing your total energy costs one year with those of the following year may not be a fair comparison to evaluate your usage- because £1 might not buy the same amount of energy from one year to the next. That’s where measuring your actual usage comes in. One unit of energy is the same no matter how much time passes, so measuring these units allows you to compare your energy consumption fairly to understand whether you’ve used more or less energy than you did previously. Why would you want to know that? Well, lowering your energy usage is often an excellent way to reduce your energy bills and save money. If you have an idea of how much energy you’re using, you can begin to understand which of your energy habits are costing you the most and cut down accordingly to reduce costs. Measuring your energy usage month after month can then help you to see whether you’re staying on track. Another reason some people measure their energy usage is so they can conserve environmental resources. By using less energy, you place less of a burden on the environment and therefore help to preserve the planet and the environment for future generations. Finally, calculating your total energy usage can be an important first step in making decisions about your energy supplier. Whether you’re a business owner in need of gas and electricity, or you’re searching for the best energy deal for your home, you likely have a budget of how muchmoney you can afford to set aside for energy costs. Knowing how much energy you’re currently using can give you insight into the maximum price per unit you can afford to pay, helping to narrow down the most appropriate suppliers for you. This means you can budget for the amount of energy you currently use while, if you choose to do so, making efforts in the meantime to reduce your overall usage.

Why you need an experienced Broker for switching Suppliers? Before agreeing on a contract, contact the supplier you already must see what they can offer compared to other providers. You can use a comparison website or phone different energy suppliers to see what other providers are offering. You can also use energy brokers who can negotiate a contract for a fee. If you use a broker: Ask which suppliers they represent so you know if they can offer a full-market comparison. Make sure you are clear on the terms of their service. For example, they may charge a one-off finder’s fee or integrate their fee as part of a commission agreement in a contract you choose to sign up to. See GOV.UK’s advice on https://www.gov.uk/unfair-terms-in-sales-contracts For instant comparison click her. To get appointment click here.

Information you need to switch business energy It’s useful to have the following information: Your postcode, the name of your current supplier and contract, the terms of your current business energy contract, including the contract end date and any notice periods. Your postcode, the name of your current supplier and contract, the terms of your current business energy contract, including the contract end date and any notice periods. If you aren’t sure about your current supply details, visit- https://energysolution16uk.udcloudpcw.co.uk/ For instant comparison click her. To get appointment click here.

Determine the Right Time to Change Your Business Energy Provider You can typically explore the option of switching your business energy provider under the following circumstances:You are currently on a contract that you did not actively choose, such as a deemed energy contract. These contracts are commonly associated with new business premises or when a fixed-term contract expires, and you have not yet committed to a new energy agreement.Your existing business energy contract has reached its expiration date, and there are no binding terms or obligations keeping you with your current provider. It’s essential to review your contract terms and, if uncertain about the notice period, communicate with your supplier.If you encounter any challenges or resistance from your current energy supplier when attempting to switch, please click on the link below for assistance. We are here to help you navigate the process. For instant comparison click her. To get appointment click here.

The new energy price cap level starts today Update from OFGEMStarting from October 1, 2023, energy suppliers are subject to a maximum charge of £1,834 per year for a standard household paying via Direct Debit on default tariffs. This pricing structure applies from October 1 to December 31, 2023. However, the amount you ultimately pay depends on factors like your actual household energy consumption, location, meter type, and payment method. For the period spanning October 1 to December 31, 2023, the energy price cap rates are as follows: Electricity Rates:If you are on a standard variable tariff (default tariff) and pay for your electricity via Direct Debit, your charges will not exceed 27 pence per kWh, along with a daily standing charge of 53 pence. These rates are based on the average rates applicable in England, Scotland, and Wales and include VAT. Gas Rates:For those on a standard variable tariff (default tariff) and paying for gas through Direct Debit, the maximum charges are 7 pence per kWh and 30 pence per day for the standing charge. These rates also reflect the average rates across England, Scotland, and Wales and include VAT. To compare the price cap levels between October 1 to December 31, 2023, and the previous quarter (July 1 to September 30, 2023), you can refer to the relevant information. The energy price cap is periodically reviewed and adjusted every three months, setting the maximum prices energy suppliers can charge for each unit of energy. The rates for January to March 2024 will be published at the end of November. The energy price cap is determined using Typical Domestic Consumption Values (TDCVs), which are based on the average energy usage patterns of households in England, Scotland, and Wales. The typical household figure is akin to the energy consumption of a 2-to-3-bedroom household with 2 to 3 occupants. These calculations are valuable for estimating energy bills based on household energy usage levels (low, medium, or high). They can be employed to compare energy prices and receive estimated quotes on energy tariffs from various price comparison websites. The announcement regarding changes to the energy price cap for the period from October 1 to December 31, 2023, was made on August 25, 2023. Notably, the Typical Domestic Consumption Values have been updated to reflect reduced energy usage by households. Consequently, while the energy price cap unit rates announced on August 25 remain unchanged, the estimated annual cost for a typical household using Direct Debit for energy payments will be lower from October 1. For more details, you can read about the review and the recent changes in how Typical Domestic Consumption Values are calculated. For information on typical annual usage figures for gas, electricity single rate, and multi-rate (e.g., economy 7), as well as insights into the calculation of average gas and electricity usage, please refer to the relevant documentation. For information on typical annual usage figures for gas, electricity single rate, and multi-rate (e.g., economy 7), as well as insights into the calculation of average gas and electricity usage, please refer to the relevant documentation. The announcement regarding changes to the energy price cap for the period from October 1 to December 31, 2023, was made on August 25, 2023. Notably, the Typical Domestic Consumption Values have been updated to reflect reduced energy usage by households. Consequently, while the energy price cap unit rates announced on August 25 remain unchanged, the estimated annual cost for a typical household using Direct Debit for energy payments will be lower from October 1. For more details, you can read about the review and the recent changes in how Typical Domestic Consumption Values are calculated. For instant comparison click her. To get appointment click here.

Changes to energy price cap between 1 October to 31 December 2023 The maximum allowable rates for energy suppliers to charge per unit of energy undergo a periodic review every three months. Starting from October 1, 2023, there will be a decrease in the annual energy cost for a typical household that uses both gas and electricity and pays through Direct Debit, bringing it down to £1,923 per year.The adjustment in the energy price cap considers the energy consumption patterns of an average household. More information about typical household energy consumption and the methodology used to calculate the price cap can be found on our page explaining average gas and electricity usage.The energy price cap is determined by various components, including the wholesale costs of gas and electricity, network supply costs, and VAT. Under the energy price cap, energy suppliers are allotted a margin for profit, excluding interest and taxes, above and beyond their energy supply costs.Starting from October 1, 2023, this profit margin allowance will increase by an average of £10 per customer annually. Ensuring reasonable profits is crucial for the energy sector as it enables suppliers to invest in improving customer service and care. It also allows them to use pre-tax income to offset potential increases in energy prices, reducing the risk of insolvency. This reasonable profit allowance aims to enhance financial stability among energy suppliers and safeguard consumers in the future.You can review the price cap levels for October to December 2023 and compare them with those from July to September 2023. Additional information about the price cap policy is available.For individuals who use prepayment meters to pay for their energy, there are policy changes effective from October 1, 2023. These changes will reduce their annual costs by £42. Additionally, a 12-month allowance will be introduced to cover increased debt costs associated with providing extra support credit to individuals at risk of having their energy supply disconnected due to their inability to top up their meter.Despite these adjustments, the price cap for prepayment meters will remain higher than that for Direct Debit payments. However, the government will provide support through the Energy Price Guarantee until the end of March 2024 to bridge this difference. Beyond that period, thegovernment is seeking input on how to equalize standing charges for those using prepayment meters or Direct Debit payments. This change is expected to be implemented by April 2024. Your feedback on this matter is welcome through the standing charges lateralization consultation. For instant comparison click her. To get appointment click here.

Navigating the Realm of Utilities: Helpful Guides and Tips Our commitment to maximizing your savings extends well beyond simply switching suppliers. We’ve dedicated this section to empower you in navigating the intricacies of energy, business water, business connectivity, and other valuable insights from our experts to enhance your utility cost savings. This section will demystify energy tariffs, delve into economy 7, explore business broadband, address business water concerns, and everything in between. As your business evolves, so do your requirements. This section is an ongoing resource for you, offering valuable insights into managing your essential business needs. With the knowledge gained from our content hub, you’ll be well-equipped to make informed decisions regarding the best products, tariffs, and suppliers for your business. For instant comparison click her. To get appointment click here.