Every time an energy company raises its prices, my phone doesn’t stop ringing.
I tend to get the same questions from people, largely around why prices are rising when costs are going down (still no clear answers to that one!).
But lately I’ve noticed that I’m being asked more about switching providers – and specifically, why more people aren’t doing this.
Though the number of people switching energy companies is increasing, the fact remains that millions of us aren’t budging.
When I ask people why, the answer I get is usually “what’s the point, they’re all the same” – followed by “it’s far too complicated and I don’t have the time / energy”.
I really understand this. The way energy costs are calculated is fiendishly complicated, so it’s really hard to know if you’re getting a good deal or not.
But honestly, switching isn’t that hard as you think – and there’s loads of free advice out there.
Avoid comparison sites as they don’t always show all the best deals. But there’s tons of information on MoneySavingExpert on how to get a good deal so you don’t have to figure it out by yourself. You could save a whopping £300 a year.
And it’s not just energy providers you should switch. Staying loyal to your bank won’t get you any benefits, whereas others are offering better interest, services and cash for switching to them.
Don’t forget to review your insurance providers too. General insurance is a yearly contract and often goes up on renewal.
Stick the date the contract ends in your diary and I’m confident you’ll find a much deal when it’s time to renew. And remember – if something goes wrong, Resolver can help.