Business & Finance Personal Finance

How to Compare Gas & Electricity Companies

    • 1). Consider how you want to pay your bills. You can pay by check, over the phone, or by direct debit (which will take a fixed estimate for each month out of your bank account). If you have overpaid a direct debit, the difference will be refunded at the end of the year with correct meter readings. Direct debit is cheaper because energy companies know you will pay so can give a discount and earn interest on any of your over-payments.

    • 2). Compare the price of paying separately for gas and electricity and the price for "dual fuel," where you get both from the same company. Dual fuel is normally cheaper but not always so must be compared.

    • 3). Decide whether you want to pay a "capped" price, which means the units of energy are fixed at a certain price for a set period of time. You still pay for what you use but it can be cheaper than fluctuating prices that are hard to predict. If your energy usage is similar each month, you will be able to approximately predict and budget for bills at a capped price.

    • 4). Choose the Internet billing option. This is often cheaper and helps the environment as your bills are not sent on paper.

    • 5). Research and compare companies for gas and electricity packages online.

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