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Can we win the Gas and Electricity price wars by switching suppliers?

By: Lewis Taylor

We can all benefit from the current situation in the UK energy market but what should we do, who should we choose?

Our attitudes towards switching suppliers leaves us open to exploitation by the huge Energy companies who have our misguided loyalty. We aren't happy with the situation yet we do nothing.

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.

It's not the fault of the suppliers, if they have millions of customers, why should they drop their prices? The fact is that there are better deals out there and many of the lower priced suppliers have high levels of customer service too. We constantly moan about the price of our gas and electricity and yet we still refuse to budge.

I think that the problem is that when the Energy market was deregulated, the whole country was inundated by a knock at the door - just as we were tucking in to our dinner! Hardcore door to door salesmen and women (or 'Field Sales Consultants') were sent out with two missions. One was to interupt your Shepherds Pie, and the other was to convince you that by changing that little name on the top of your Gas or Electric bill - you would be rich enough to buy a Fleet of Ferari's or purchase that island in the Bahama's you've had your eyes on! Ok - an exageration but people were mislead to the point where TV's Watchdog would have enough content to run many shows relating to disgruntled customers who switched with such sales tactics. Of course there are much tighter regulations in place to look after the consumer these days and in fact, everything is now stacked in the favour of the poor little consumer yet many of us still do nothing.

With this in mind we should now feel quite happy about energy switching and yet we still do nothing about it. Before we had a good excuse to do nothing, now we do not have that luxury as energy companies have great levels of customer service and they offer excellent deals saving many households around £330 a year. If we could save this much on fuel for our cars, the queue would be a mile long. You can even use companies such as Money Angels to switch compare energy prices as they also show levels of customer service too.

So, can we win from the Gas and Electricity price wars? Of course we can, we just have to do something about it ourselves and stop waiting for a miraculous price decrease that may never happen. My advice is switch now and if another company offers a better deal, switch again and again, and again. We are only ever have to give our suppliers 28 days notice so take back control and be a more assertive consumer.

Article Source: Main Articles

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