When comparing electricity prices, you can look at various types of electricity tariffs available to choose from.
There small steps can help you reduce your electricity bills:
It is important to compare electricity prices to find tailored electricity quotes to suit your needs. Electricity prices can vary depending on your area and household needs. We (Free Price Compare) can help you run an electricity rate comparison in few minutes to find a cheaper electricity supplier.
You need to enter your postcode and choose the address of the property for which you are looking to run the electricity comparison on.
You need to tell us about your current supplier, your current tariff, the contract end date and the payment method you use in order to compare and find a better electricity tariff.
It is important to know how much electricity you are consuming; you can find your electricity usage on your bill. If you don’t have a bill and you are not sure how much your usage is, you can use our estimator to estate the usage for you. Entering in your accurate usage means that you will get accurate electricity quotes.
Once you are happy with a plan or supplier, we will take care of any paperwork required. We will inform your new electricity supplier and current supplier about the switch to arrange switchover date.
The electricity switch can be completed within 17 days, however in some cases it can take longer. You have 14 days cooling off period if you decided to change your mind.
There are 3 different types of electricity meters:
If you don’t switch your electricity supply when your fixed term plan is coming to an end, your supplier will automatically switch your contract to a standard rate electricity tariff which can be really expensive. If you haven’t switched your electricity contract or electricity supplier during last 2 to 3 years or have never switched your electricity contract then you are more than likely to be on the energy supplier’s standard electricity tariff. More than half of the UK households are on standard variable tariffs which is unfortunate as these tariffs are one of the most expensive electricity plans so by switching you can get cheaper plan and save money too.
Most people switch from one electricity supplier to another to save money, however another reason to switch could be customer service or you want to have green energy plan which is not supported by your current energy supplier.
As a tenant you can switch your electricity supplier if you are responsible for paying your electricity bill and you are the named account holder. If your tenancy agreement has all bills inclusive then your landlord is responsible to compare electricity prices and switch to their preferred electricity suppliers.
Yes, you can compare electricity prepayment meters and switch supplier to your preferred choice. However, not all energy suppliers offer prepayment meters meaning the energy supplier options will be limited.
If you have feed-in tariff (FIT), you can still switch electricity supplier as the Ofgem industry regulator sets prices for FIT’s (feed-in-tariffs). You can simply switch to another supplier without any hassle.
The simple answer is no. When switching your electricity supplier, your meter and wires remain the same, it is only your prices and bills that will come from another supplier. Your electricity supply still remains the same as it was.
If your electricity supplier is offering to install smart meters then you can ask them to install one for you. If not, you can ask them to inform you when they do.
Not all suppliers support green electricity tariffs; however, you can switch to those who offer green energy tariffs. Green electricity generated from renewable sources such as wind, plants, sunlight and geothermal heat.
Economy 10 electricity meters – It’s a multi rate electricity meter which offers cheaper electricity rates at certain times. It’s similar to economy 7 meter but offers 3 extra hours off peak per day.
Economy 7 electricity meters – Economy 7 electricity meter is another electric meter type which offers you cheaper rates at night and higher electricity unit rates during the day time. Economy 7 meters would be useful for those household, who use most electricity during night time.
*10% of customers switching their gas and electricity bills with Free Price Compare between 1st January 2018 and 31st July 2018 saved £505 or more based on a survey of over 7079 fuel switches. Using the same figures in this period the savings for gas on a single fuel switch was £267 and a electric on a single fuel switch was £282