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Can I Benefit From The Gas And Electricity Price Wars? |
By:
Lewis Taylor |
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Can I benefit from the Gas and Electricity price wars?
by Lewis Taylor
In short, yes but it is a difficult situation that faces us, with the price wars going on, who will win?
As a nation, many of us stay loyal to our Energy suppliers without a good explanation. We comment on how much last quarter's bill was or how much the direct debits has just gone up yet our attitudes towards switching plays right into the hands of those suppliers who simply aren't giving us the best deals.
Our most common reaction to energy switching is to switch off and pretend we didn't hear anything! We are either too scared to switch suppliers now in case for some reason their own supplier becomes cheaper in time or simply can't be bothered.
Tomorrow we will probably hunt around before filling up the fuel tank in our cars just to save a couple of pounds, probably wasting that same amount in fuel and time looking for the cheaper option, or causing long term damage to our engines by running the fuel too low forcing debris through the engine yet the thought of switching suppliers - No chance!
The big suppliers who we give our loyalty to are simply making money from our laziness and ignorance. We think nothing of spending hours ringing around insurance companies or surfing the net for better deals for our mobile phones, we'll even consider switching bank accounts for a better deal or ?100 cashback. With our ability to find the best deals why is it that we seem to always overlook one of the most simplest ways of saving money.
We can't blame the suppliers, there are some great deals out there to be had, even with great customer service figures too - but as the Great British public carry on moaning about the cost of Gas and Electricity, we still refrain from switching. After all - what could we moan about then!
What seems to be stuck in our minds is that when the market was deregulated, armies of door knockers were mobilized and sent out in their hundreds to catch us just as we sat down for our dinner. By switching our suppliers with them we might have a brand new Bentley on our drives go off for a 3 month cruise around the Carribean! Ok maybe not but you get the idea. People were writing into TV's Watchdog in their masses complaining about how they haven't saved any money or they haven't received a statement for 9 months and just got hit with a huge bill. Nowadays, there are very tight regulations that energy companies must adhere to in order to satisfy it's customers.
Is this still in our minds? Or is it just an excuse to do nothing. The fact remains that millions of UK homes are wasting 'millions every year on over priced energy bills and we seem to be happy to carry on trying to ignore the fact that Mr lower priced supplier can save us up to and over ?330 per year. Imagine if our house or car insurance quotes came out that much cheaper, we'd bite their hands so fast that we could get arrested for a hand biting related incident (not sure if this is an actual crime in the UK but I wouldn't be surprised). Of course the crazy part of it is that many of these lower priced suppliers actually offer a better level of customer service than some of the more expensive suppliers according to figures found on many price comparison sites such as Money Angels.
In answer to the question posed earlier, we can win out of the Energy price wars, we just have to shop around and realise that it takes no time at all to switch, and if we want to switch again, we can simply do so. Suppliers only require 28 days notice and there are many companies that will take care of the whole switch for you. The key is for us all to stop complaining and do something about, only then will we all be winning consumers in the Energy price wars.
To switch suppliers for free you can use Lewis Taylor's website, Money Angels to save money. You can get a unique content version of this article.
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Article Source: http://www.statssheet.com/articles/article53732.html |
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