The Great Tariff Rush

Aug. 18, 2009 - PRLog -- It was around this time last year that the warning came.

When news of impending domestic energy price rises began to circulate many made the wise decision to move to a capped price tariff (this would hold your tariff price if the industry prices went up but fell in line with the industry if they indeed came down.)

This move would have saved some consumers up to £100 a year depending on their usage and coupled with other discounts such as dual - fuel and direct debit discounts, an even greater and more valuable saving would have been made.

Right now, the time is right to use the seeus2save online calculator at  http://seeus2save.com/utilitiesnews2.php to move to another money saving tariff.  However, before making the comparison and switching, here are a few points for you to remember:

Don't be tempted to stay with your current supplier just because of the 'hassle' of switching. The energy suppliers will continue to make huge profits unless you, the consumer, makes the effort to find the best deal out there.

A capped tariff is generally better than a fixed priced tariff as this will allow your rate to fall should the market also do so.

A switch to a new supplier can take 6 - 8 weeks so wait until around one month before the end of your current term and make the switch.

Your new supplier will need to obtain a meter reading (by law they have to do this at least once a year).  Returning the meter reading to them promptly will ensure your switch goes smoothly.

Don't rely on your new supplier to cancel your old direct debit, do this yourself once the final payment has been taken.  It's your bank account so you are responsible.

Keep a record of your switch number

If you wish to switch before the end of your current price term then take into account any cancellation charges when totting up the savings you may make.
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