Saving money on your energy bills
1. Energy companies
As it stands, most energy companies now provide both electricity and gas. Some are better known than others, mainly because of advertising campaigns and good/bad press.
When choosing an energy company, you need to know if they are properly regulated and recognised by the relevant authorities:
- Ofgem is the independent body that regulates the gas and electricity markets in the UK.
- Energywatch is the consumer watchdog that works closely with Ofgem to promote and protect the interests of all gas and electricity consumers”.
If ever you have any complaints about the service you have received from an energy company, energywatch would be the group to contact regarding such matters.
Energy suppliers, on the other hand, are the groups that supply the energy to the companies that then supply to us. We have no choice in who the energy supplier is because this is based on the region within which we live.
Often, the first step to take to start saving money is to switch energy companies as some are a lot cheaper than others.
However, before you switch providers, you need to know what plan you are currently on and which plan will work best for you in the future.
Take a look at your gas and/or electricity bills now and note down who your provider is for each.
- Next page: Energy plans - what do they mean?
- Previous page: Introduction
Guide contents
- Energy companies
- Energy plans – what do they mean?
- How to read your gas and electricity meters
- How energy bills are worked out
- How to read your energy bills
- Energy payment options – which one is best for you?
- Dual fuel discount
- What is Economy 7?
- Switching energy companies
- Green tips to cut gas and electricity bills
- Helpful contacts for gas and electricity information
