Energy bills can be difficult to understand. With energy providers offering different pricing structures and deals, bills can be inconsistent and contain various jargon and technical specifications.
Most people are likely to just look at the figure owed rather than reading the details; however, by conducting a little research and learning how to understand your energy bill, you can quickly become savvier and potentially save money!
Are you switching?
A lot of savvy energy customers know that switching can often be the way to source the best deals. Before you start your research, have a bill to hand to see your current supplier, the name of the plan or tariff you are currently signed up to, and the amount of electricity and gas you have used in kWh (kilowatt hours). It may be worth calculating a six-month or annual figure using the past few bills.
Further information on sourcing this information is available from Ofgem.
Take some meter readings
Work out whether you are being charged based on meter readings that you provide, which is identified the letter C (for customer); whether the provider makes the calculation based on its own readings, identified by the letter A (for actual); or whether it is estimated, identified by the letter E (yes, you guessed it, for estimated!).
This should be clearly indicated on your bill. If the bill is estimated, you should take a reading and provide this to get a more accurate figure at least once every three months. It is also good practice to have your boiler and meters serviced regularly to avoid faults that can cause incorrect readings.
Gas Safe accredited specialists such as http://www.hprservicesltd.com/gloucester-boilers/boiler-service-gloucester/ can ensure a Gloucester boiler service is completed quickly and effectively to avoid any problems.
How you pay
Paying by direct debit is usually the most popular and cheapest way to pay your bills. Don’t be concerned by this, as you will still receive a regular bill to keep track of your usage and costs. As you would expect, less gas and electricity are used in the summer, whilst the winter months see a big spike in usage. Rather than changing the payment each month, which could cause budget problems, suppliers will average out the cost to calculate a consistent monthly payment.