Of all household bills, taxes and other things we have to pay out, energy prices are those that appear to fluctuate the most, and yet always be seemingly on the rise! With most of the major energy providers announcing price hikes within the last month or two that could see many people paying as much as £80 extra annually, and just a single provider (EDF) freezing their prices until March, it might appear in some recoverable format that switching at all is complete waste of the time, but that isn't the case at all - you should just be smart about when and the method that you switch over! Here are some simple tips to assist you decide when to modify over:Compare The Market
Pricing - A huge number of various things can make energy prices go up, down, or stall. Consumer groups and government are often pushing for cheaper energy prices particularly for vulnerable customers, while things like wars, disputes and shortages can push the costs up. The past couple of years energy prices have actually been reasonably stable, but prices have started to go up again now, which shows that you can't always predict when and how these changes are going to happen.CompareTheMarket
What usually happens in the UK is that pretty much most of the big providers change their prices at the same time, and you ought to make sure all the big names have made their price announcements before you move over. If you move prematurely after just a single provider has determined, you can be left on a more costly tariff and on a lengthy contract that'll allow it to be impossible to modify again for at least annually without paying exit fees.
Watching & Comparing - Knowing what the power companies are doing and when and where they are going to announce good deals and promotions can make a huge difference to the price you can find yourself with. Keeping an eye fixed on the market will provide you with a better concept of what companies are offering better deals. You can do this by monitoring six different electricity websites, but it's far simpler to just watch a great comparison or consumer news website instead, that'll provide you with news, prices and information of big providers as they happen. You can contribute to blogs, newsletters and RSS feeds from most comparison and consumer websites as well, which means you don't have to spend time constantly visiting them to have the latest news.
Switching - Once you've found a good provider and have waited for all the big names to announce where they stand, actually switching over to a different provider is very easy. The great thing about switching is that not only will you will find a general cheaper monthly deal, but you can also enjoy the benefits and offers which are often only agreed to new customers. Customers who switch their provider regularly can take advantage of these deals and onetime offers that may see their electricity costs being reduced even further. The switching process is easy and painless, but normally it takes around eight weeks, so always allow time to move over during that you might still be charged on the rates of one's old provider.