Cut your electricity billLast updated on 11/05/2016
It is possible to make substantial savings on your power bill but you must be ready to switch, and switch again if your deal comes to an end and you move onto a much less attractive tariff, - all the time of course watching out for penalties for leaving early. The reductions are listed below and refer to standard usage. If you use more than average, the savings will be correspondingly bigger.
If you are on the least competitive rate available on the market and you switch to SSE Airtricity’s two year contract, paying by direct debit and getting your bills by email, you could save about £120 in the first year. That saving drops to around £48 in the second year. If you decided to leave the contract early you would incur a penalty of £40 in the first year and £20 in the second year.
For customers who have keypads and are thus on pre pay deals, the cheapest offering is again provided by SSE Airtricity. It’s only available for a year however. The saving on moving from the dearest tariff to this SSE Airtricity deal is just over £90 a year.
Last year I estimate over 40,000 homes switched supplier and saved money. Why don’t you do yourself a favour and move your account?