With energy prices having already increased, now is the perfect time to review your current energy tariff and see if switching to a different one could save you money. Here’s what you need to consider when deciding whether to stick with your current deal or explore new options.
Review Your Current Energy Costs
Start by examining your energy bills to see how much you’re paying for electricity and gas. Pay close attention to both the unit rate and the daily standing charges. The unit rate is the cost per kilowatt-hour (kWh) of electricity and gas you use, while the daily standing charge covers the cost of delivering energy to your home.
From October 01, the latest Ofgem price cap affects standing charges differently depending on where you live in Scotland. In the south of Scotland, the standing charge is 64.17 pence per day for electricity and 31.80 pence per day for gas. In the north of Scotland, the charges are slightly lower, at 61.98 pence per day for electricity and 31.76 pence per day for gas.
Check Your Bills for Accuracy
It’s essential to ensure your energy bills are accurate. Sometimes, they are based on estimates that could lead to overcharging. If you have a smart meter, make sure it’s functioning correctly. If you rely on a traditional meter, regularly submit your gas and electricity readings to avoid being overcharged.
Factors Influencing Your Energy Costs
The amount you pay for energy can vary based on several factors, including:
- Location: Where you live can affect the rates you’re charged.
- Energy Source: Whether you use electricity, gas, or both.
- Type of Meter: Prepayment meters often come with higher costs.
- Energy Usage: The more energy you use, the higher your bills will be.
Consider the Costs of Switching
Before you decide to switch suppliers, check if your current tariff has any exit fees. Some energy deals require you to stay with the same supplier for a set period, and leaving early could result in additional costs.
Also, make sure you’re not behind on your current bill, as owing money could prevent you from moving to a new supplier. Additionally, check whether your meter is compatible with the new supplier, as some meters might need to be replaced if you switch.
Seek Support from Your Supplier
If you’re worried about rising energy prices, it’s a good idea to contact your supplier to see if any support is available. They might offer payment plans or other assistance to help manage your bills.
Need Help?
If you need assistance with contacting your supplier, have billing issues, or need help with any energy-related matter, our team at energyadvice.scot is here to help. Reach out to our expert advisers at 0808 196 8660 for personalised support and guidance.
