Reduce Your Electricity Bills
The cheapest electricity prices that are available for you are dependent on several factors including:
- Your postcode
- Your usage
- Your electricity tariff
- The payment method of your choice
By comparison of electricity prices you are guaranteed the cheapest tariff available.
Beat the Energy Price Rises
You could save up to £389* on gas and electricity for your home
Compare all UK suppliers including fixed, capped and online tariffs and switch in minutes
How can I save on my electricity bills?
There are a number of ways you can reduce your electricity bills, including:
1. Calculate energy prices
Compare electricity prices by using our electricity calculator. It is simplest way of discovering the amount you can save on your bills save by changing to a less expensive supplier.
To compare electricity prices by using our energy calculator you will need to request your present supplier to provide you with the details of your present annual kWh usage (energy consumption),and enter the details online.
Should you not have details of your energy consumption, you can enter the number of bedrooms you have in your home into the calculator. The online energy calculator is able to then compare electricity prices for you and show you the amount you can save by changing suppliers.
2. Energy pricing
The UK’s “big six” energy suppliers are prone to increasing or decreasing their prices usually at the same time. Following the price hikes in 2010, all six suppliers have reduced their electricity prices:
- British Gas cut its price for electricity by 10% from 7 May 2011.
- Savings: This has meant an average reduction of £43 on the average annual electricity bill
Scottish & Southern Energy
- Scottish and Southern Energy reduced the price of electricity by 9% from 30 March 2011.
- Savings: This has meant a reduction of £66 on the average dual fuel bill
- Scottish Power reduced its price for electricity by 3% on 31 March 2011.
- Savings: This has meant a reduction of £54 on the average dual fuel bill
- Npower cut its price for electricity by 8% on from 31 March 2011
- Savings: This has meant a reduction of £43 on the average annual electricity bill
- EDF reduced its price for electricity by 8.8% from 31 March 2011.
- Savings: This has meant a reduction of £40 on the average annual electricity bill.
- E.ON reduced its price for electricity by 9% from 31 March 2011.
- Savings: This has meant a reduction of £44 on the average annual electricity bill.
Energy experts are forecasting a second round of price cuts later this year.
3. Energy tariffs
The cheapest electricity prices you will get are those that you manage online. These tariffs will also be those you apply for over the Internet.
The cheapest online electricity tariff that British Gas presently supplies is the WebSaver 6. However, electricity prices depend on where you live and also your energy use. You really ought to conduct an online comparison in order to ensure that you select an energy supplier and tariff to meet your requirements.
Self managing your account means that your supplier saves money on administration costs like postage, paper and meter readers, with these savings being passed to you. Another benefit of paperless billing is that you erase the risk of overpaying or underpaying estimated bills.
The majority of suppliers offer discounts on dual fuel; so should you sign up to gas and electricity from the same supplier, you can receive a dual fuel tariff.
4. Payments of energy bills
Choosing to pay your energy bills by monthly direct debit is the most effective way of paying your electricity bill. Most suppliers provide discounts to customers who pay by this method because it ensures that bills are paid on time.
Although you will not have to pay a penalty to your energy supplier for not opting to pay by direct debit, you will not receive the extra discounts offered by energy companies as a reward for ensuring that you always pay on time.
5. Being energy efficient
Lots of householders have found themselves facing higher gas and electricity bills after the increases in energy prices in 2009.
It is important to make your home more energy efficient by reducing your consumption of electricity, thereby lowering your bills; there are easy measures you can take like purchasing energy saving light bulbs and reminding yourself to switch off lights when there is no one in a room.