When you first move to the UK, part of the fun is getting to learn what’s different to your native land, and what’s exactly the same. One thing that many find, especially when moving from outside the EU, is that UK energy prices are worryingly high. In fact, Brits spend hundreds of millions of pounds more than they should as a nation.
Here we’ll look at why you should take the time to get to know the UK’s energy suppliers like Bulb when moving to the UK.
Why choose Bulb?
There are lots of services like Switch-Plan that can help you choose the best energy supplier and tariff for your needs. They recommend Bulb for a variety of reasons. Firstly, Bulb provides 100% renewable electricity and carbon-offset gas. Secondly, they have a simple approach to pricing with one variable tariff. Thirdly (and perhaps most importantly) they’re consistently ranked among the cheapest on the market, with prices that are constantly reviewed to keep them as competitive as possible. They are consistently lower in cost to the Big 6” suppliers that dominate around 70% of the Uk energy industry between them.
Why is it essential to get a new energy supplier as soon as you move to the UK?
As soon as you move into your new UK home you’re probably paying more for your energy than you should be. This is because the previous occupant’s supplier will still manage supply to the property, and put new occupants on a “deemed contract”. This means that you are usually (but not always) put on a standard variable tariff which provides the worst rates the supplier offers. The sooner you switch, the more you’ll save.
What should you look for when choosing an energy supplier?
Low prices are pretty much a no-brainer. But you might also want to choose a supplier that provides 100% renewable energy and carbon-neutral gas. Some of the cheapest energy plans are also the greenest. You’ll want a supplier with a comprehensive range of tariffs so you can choose whether to lock your prices in for the long term (fixed-rate) or keep an open contract where prices can go up or down (variable-rate). Of course, customer service is also important, so you may want to look at some Trustpilot reviews.
How often should you switch energy suppliers?
Even the energy watchdog Ofgem recommends that you should switch energy suppliers regularly. This helps to keep the UK energy market competitive and prevents suppliers from getting complacent and overcharging their customers. There’s also an Energy Price Cap, which means energy suppliers can’t charge more than £1,138 per year for gas and electricity. This is reviewed every 6 months.
It’s recommended that you switch suppliers every 12-18 months to ensure that you’re always getting the best value for money