When it comes to the cost of living today, the cost of our energy bills is, without a doubt, a major contributing factor. Estimates suggest that people spend around 8% of their household income on energy bills per annum. In recent years, though, these figures have grown even more. Today, many of us spend more money than ever on energy. Thanks to rising prices due to global situations such as the crisis in Ukraine, people have found their energy bills increase, rather than fall, each month. That is why it is more important than ever that we regularly review our electricity plans.
In the past, people would accept the tariff they were on without much question. Often, it was easy to assume that you already got the best deal or that alternative deals would not be of much use to you. In recent years, though, people have been contacting their energy companies looking for better deals. While many offer you minimal to no difference, threatening to move to a rival could ‘encourage’ your energy supplier to look a little closer at what they can do to offer you a more palatable deal.
Electricity plans are often broken down into specific styles, and the technical language used can make it confusing. Thanks to companies like LowerEBill, people are finding it easier to move to cheap electricity rates simply by being made aware of the other offers on the market. We recommend that you check regularly to see what your national market cap is, then use comparison tools like the above to see what other options exist within your country.
Never assume anything with the power industry
The power industry is one of which people tend to feel pretty suspicious. Thanks to energy being a requirement for more or less every person out there, it makes sense that companies feel like they have you in a no-win situation. They are under no obligation to tell you about a cheaper tariff, either, so it is easy to find yourself paying a premium price for a service you could get cheaper elsewhere.
People looking for cheap electricity rates should absolutely look to review their options on a regular basis. While it is nice to assume the best from others, many power companies simply charge the most they can whilst offering the least back in return. It is a wise choice for anyone who feels like they are paying too much for their power to get in touch with an energy company and see what they can change. You might find an alternative tariff with your current supplier or a rival company offering a better deal.
Whatever the decision, we highly recommend that you take a look at what you can get on the open market. However, before calling your energy company, never arrive empty-handed. Always carry out as much research as you can so that you arrive with the full facts in your hands. Being able to show genuine offers from another electricity company or tariffs that are better suited to your needs helps to convince your energy supplier to play along.
Energy is essential to our daily lives, so do not accept second best. When the cost is so high, you deserve to do what you can to keep the costs low!