Switching energy tariffs saved me £137!

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I’m quite a stickler for money saving, as my readers will know. I love being able to cut back the household bills in order to have more treats in life. Whether it is a break to Centerparcs, treats for my friends & family or just having a nice emergency fund money saving is important to me. Anything that can help me save a few pounds per year is great. I always ensure that every year, before Winter, I look at my utility bills. Switching energy tariffs is something that you should be looking to do on a regular basis, to get the best savings. At least once per year is ideal.

I saved £137 switching energy tariffs & you could too!

Firstly I started by proving an accurate meter reading to my current energy company. This means that I can get an accurate picture of the energy that I use per month or even per year. I prefer to work with a yearly figure, for the most accurate savings. Also, energy use will differ throughout the year so it is best to have an accurate annual figure to see what you can save per year. Any saving will be even larger through the Winter months and you want to take this into consideration.

Once I had my annual usage for gas and electricity I was ready to begin switching energy tariffs. For me switching energy tariffs always seems like it is going to be a pain in the neck but usually just takes a few minutes. I like to use an energy price comparison tool. I can enter my postcode, my usage in either money or kWh and then wait for the results. There is no need to even create an account when using this tool – another time saver!

Waiting for my energy price comparison results took just one minute!

Switching energy tariffs - A look at the search comparison tool in action

When the results are displayed on the energy price comparison tool I always double check them. I personally like to do the sums myself. This sounds complicated but it really isn’t. Just take the daily standing charge and x it by 365. Then take the pence charge per kWh and x it by the amount of kWh that you use. This is the total cost for either your gas or electricity. Then repeat the process once more if you are looking to switch dual fuel.

Once I know that I am happy with the new price, and provider, I could proceed with switching energy tariffs. When I was switching energy tariffs previously with the same provider I was able to complete this online. It took about 2 minutes and was a breeze.

How I saved money by switching energy tariffs

Switching energy tariffs - The tariff that I switched to

On a previous occasion I was switching energy providers. What I did on this occasion was click ‘Proceed’ and then I was able to fill out my details. The transfer of details was taken care of for me. The new energy company read the meter, as did I, and I provided the old readings to the previous company. I then received a final bill. Also I cancelled my direct debit with my previous provider, to ensure that I didn’t overpay. To avoid any nasty surprises I put up that months direct debit money ready for covering the last of the final bill, and paying a bit extra to the new company.

Overall the whole process of switching energy tariffs was much easier than I thought. I now ensure that I do this every year, before Winter. I like to lock in to a fixed price tariff. On occasion this is £10-£20 a year dearer than the cheapest tariff, however it means I don’t have any worries about prices increasing. If you are going to tie in to a fixed tariff then ensure that you are aware of any exit fees. One year the prices dropped (seems to be rare now!) and I only had to pay £20 to exit both of my energy tariffs and enjoy the discounted fixed price for a year.

Are you planning on switching energy tariffs?

Why not give an energy price comparison tool a whirl? It is free, you can see tariffs that you can’t switch to online too, if you want to, and it takes just minutes. From start to finish you could have finished switching energy tariffs in under 10 minutes. You can use details of your annual usage, annual spend or even just work on an estimated usage. I would strongly advise having accurate figures though to ensure that the discount is the best it can be. Also, be sure to look on TopCashBack to see if you can make yourself any money for switching!

Fancy saving some more money? Look at saving money on your car insurance.

What about making money? Check out my favourite ways to make money online.

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How I saved £137 in just 10 minutes - switching energy tariffs. Save money, cut your budget.

48 Responses

  1. Kirsty Bowerbank-Steel January 11, 2017 / 2:24 pm

    Oh I must do this actually, thanks for this post. It’s reminded me to sort something I’ve been meaning too for ages! x

    • katykicker January 11, 2017 / 8:11 pm

      That is fantastic – good luck !

  2. Emily and Indiana January 11, 2017 / 2:36 pm

    Actually having a look at this now, this was really interesting! I always hear about switching but never actually get round to it x

    • katykicker January 11, 2017 / 8:11 pm

      It is so great for saving money – usually once a year.

  3. OddHogg January 11, 2017 / 2:38 pm

    I make sure I check my tarrif regularly to make sure I’m not missing a trick!

    • katykicker January 11, 2017 / 8:12 pm

      That is great news, well done x

  4. Devon Mama January 11, 2017 / 8:01 pm

    We always check our tarrifs and use a comparison tool to have a look at what else is out there. I also use cashback sites to get cashback on the switch which works well.. so many people are wasting so much money unnecessarily!

  5. Amy | All Things Amy January 11, 2017 / 10:46 pm

    I’m ashamed to say I’ve never switched as I think it will just be loads of faffing. I’ll definitely look into it – every penny helps eh?!

  6. Fi Ni Neachtain February 6, 2018 / 8:59 am

    That’s an amazing saving! We really need to look into switching too – no point in paying more for something when you don’t have to!

    • katykicker February 7, 2018 / 6:54 pm

      Absolutely. Free money almost! x

  7. Kara February 6, 2018 / 10:07 am

    I found my gas and electric bill this morning when clearing my drawer so am going to do this now

    • katykicker February 7, 2018 / 6:54 pm

      Brilliant. You usually just need your tariff name and it does all the work for you x

  8. Kirsty February 6, 2018 / 11:25 am

    My husband takes care of all of this and I know he checks our tariff on a very regular basis. Over the years we have saved loads.

    • katykicker February 7, 2018 / 6:55 pm

      I bet he has saved you £1000s now! x

  9. Sonia February 6, 2018 / 4:22 pm

    This is great advice. I’m sure we could slash our bills but when we moved abroad we were a bit confused by our options!!

    • katykicker February 7, 2018 / 6:55 pm

      Ahh yes it is really hard to know what to do in another country isn’t it! x

  10. sarah nichols February 6, 2018 / 4:31 pm

    wow thats such a fantastic saving. We always do visit comparison websites when it comes to things like insurance or our phones but never when it comes to energy. Going to have to have a nose now. thanks

    • katykicker February 7, 2018 / 6:55 pm

      Hope you can make yourself a saving x

  11. Helen February 6, 2018 / 4:32 pm

    You’ve reminded me to do this – it really is so easy, but I just keep forgetting!

  12. Helen Wills February 6, 2018 / 9:36 pm

    This is such a no brainer. We do switch but we could do with doing it more often

    • katykicker February 7, 2018 / 6:56 pm

      I like to look once a year at least!

  13. Jen February 6, 2018 / 10:51 pm

    That s a fab saving! I must admit I like to think I’m quite money savvy, and regularly switch insurers etc but I never have with energy suppliers!

    • katykicker February 7, 2018 / 6:56 pm

      It’s a GREAT way to bring down your monthly outgoings! x

  14. Kate February 7, 2018 / 3:11 am

    This was a really interesting read – I must admit that I never check stuff like this, I really should though! Any way to save some pennies is always nice!

    • katykicker February 7, 2018 / 6:56 pm

      It’s a surprisingly quick way to shave some money off the monthly outgoings!

  15. Siobhan February 7, 2018 / 8:31 am

    We haven’t switched since we moved in almost 3 years ago. I really need to look into This!

    • katykicker February 7, 2018 / 6:56 pm

      Absolutely do. I bet you can save LOTS!

  16. Clar February 7, 2018 / 11:16 am

    We switched late last year, the go compare tool is fab for finding out how much you can save!

    • katykicker February 7, 2018 / 6:57 pm

      Well done you. It is great to switch regularly!

  17. Stephanie February 7, 2018 / 11:54 am

    Good idea to keep looking at saving on the energy supplers. It is always surprising on the savings even when you think your on a good it

    • katykicker February 7, 2018 / 6:58 pm

      Yeah so true. Every year I think I won’t save much then it’s £100+!

    • katykicker February 7, 2018 / 6:58 pm

      You are so welcome! Good luck x

  18. Talya February 7, 2018 / 12:54 pm

    I have heard great things about the savings you can make by switching…maybe it’s about time we looked into this!

    • katykicker February 7, 2018 / 6:58 pm

      It definitely is. Good luck with it!

  19. Kara February 7, 2018 / 12:55 pm

    We were tied in with British Gas and then we came up for renewal the rotters tied us in again and I didn’t realise until it was too late. It will cost me £80 to get out of it 🙁

    • katykicker February 7, 2018 / 6:58 pm

      Ahh no! What a shame! Boooooo to them!

  20. Justine February 7, 2018 / 1:27 pm

    Thanks for posting this. I try to remember to do this every year, but having had a little one to look after, i completely forgot to do this! Do you advise waiting until after summer now (when our usage will be lower).

    • katykicker February 7, 2018 / 6:59 pm

      There is no time like the present! Get it done! It’ll go on 12 months worth of usage roughly anyway x

  21. What Mum Loves February 7, 2018 / 2:05 pm

    Thanks for linking to the comparison tool, this is exactly what I needed! My energy bills are always way too high

    • katykicker February 7, 2018 / 7:00 pm

      You’re so welcome. I hope this can help you!

  22. Cath - BattleMum February 7, 2018 / 6:50 pm

    I never switched tariff or provider when we were living in the uk and to be honest, I should have looked into it more as our energy bills were crazy high. That said, we got a refund when we closed our account after selling our house x

  23. Holly - Little Pickle's Mom February 10, 2018 / 8:57 pm

    Thanks Katy – I’m TERRIBLE at making sure all our utilities are the best possible price. I’m pretty sure we’re paying over the odds on all our household utilities – internet included. I REALLY need to do this, and you’ve made it sound really easy! No excuses.

    • katykicker February 17, 2018 / 2:02 pm

      Make a list of items to price compare and just do one a month until you’re in the habit then you’ll have a while til you have to worry again x

  24. Chloe Ciliberto February 12, 2018 / 9:16 am

    I do this every so often and it’s such an easy and incredible way to save money. The first year I did it I saved our household £400. We were on stupidly high rates and I couldn’t get over how much of a difference it made to our monthly outgoings just by switching.

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