Switching energy tariffs saved me £137 in just 6 months + £50 credit for you if you switch!

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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. In the past, I have always looked to change to a fixed tariff, once per year, every Winter. This would allow me to move tariffs and suppliers, without a fee to pay, and hopefully, find a similar or even cheaper supplier and tariff. Then I started to hear more about tariffs from energy suppliers that weren’t the ‘Big Six’. I was amazed at the savings that could be made. Once I got over my fears about a supplier going bust and learned that Ofgem would move me to another supplier, without a loss of supply, I decided to *make the leap to Bulb Energy, an energy supplier I had never used before. It has been 6.5 months since I switched and I’m back with the facts and figures on what I have saved in just 6.5 months!

I saved £137 switching energy tariffs & you could switch and get £50 credit!

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, depending on heating requirements etc, 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. I joined Bulb Energy in November 2018 and therefore the bulk of my Winter heating use was during the last 6.5 month period since I completed my *switch to Bulb Energy.

Once I had my annual usage for gas and electricity I was ready to begin switching energy tariffs. I did do a check on the Big 6 providers, just to see what they could offer me. EDF, which was my current provider, was offering me a tariff that equated to £1095.84 based on my previous 12 months usage. This is £91.32 a month. *Bulb Energy was offering me a tariff that equated to £802.34 (£66.86 a month). As we have used slightly more heating in some of the milder months we have spent £442.25 in 6.5 months, which is £68.04 a month. This equates to £816.48 a year and means that for the last 6.5 months we have saved £137 approximately.

I’ve had a look back at the prices on offer now, in June 2019, and this is how much cheaper Bulb Energy is for me:

Bulb: Electricity – 13.59p per kWh / 20.44p standing charge

Bulb: Gas – 3.37p per kWh / 20.44p standing charge

Previous supplier: Electricity – 18.58p per kWh / 23.78p standing charge

Previous supplier: Gas – 4.077p per kWh / 26.52p standing charge

As you can see the difference of the variable tariffs is quite large.

How I saved money by switching energy tariffs

It is easy to see, from the above how I saved money. Also, in the time that I have been a Bulb Energy customer my tariff has changed, dropping several times. In addition to this, the electricity that I use is now 100% renewable electricity from a mixture of generation types including wind, solar and hydro. The gas we use is 100% carbon neutral, with 10% being green gas. This is a HUGE improvement on the energy we were using with our previous few suppliers in 2016 – late 2018.

Are you looking to switching energy tariffs? Fancy £50 credit to get your account started?

If you like the look of the vari-fair tariff from Bulb Energy, which is a variable energy tariff with no exit fees, then I’d love you to *join Bulb Energy. If you do so we both receive £50 which would be a nice boost to our accounts ready for when Winter rolls around!

Previously this post existed, with a similar amount of money saved, however that was for 12 months of switching from one supplier to another. With 12 months as a Bulb Energy customer I should save approximately £279!

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

32 Responses

  1. katykicker January 11, 2017 / 8:11 pm

    That is fantastic – good luck !

  2. katykicker January 11, 2017 / 8:11 pm

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

  3. katykicker January 11, 2017 / 8:12 pm

    That is great news, well done x

  4. 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?!

  5. 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

  6. 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

  7. 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!

  8. 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!

  9. 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!

  10. 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!

  11. 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

  12. 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

  13. katykicker February 7, 2018 / 6:54 pm

    Absolutely. Free money almost! x

  14. katykicker February 7, 2018 / 6:54 pm

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

  15. 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

  16. katykicker February 7, 2018 / 6:56 pm

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

  17. katykicker February 7, 2018 / 6:56 pm

    Absolutely do. I bet you can save LOTS!

  18. katykicker February 7, 2018 / 6:58 pm

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

  19. katykicker February 7, 2018 / 6:58 pm

    You are so welcome! Good luck x

  20. katykicker February 7, 2018 / 6:58 pm

    Ahh no! What a shame! Boooooo to them!

  21. katykicker February 7, 2018 / 7:00 pm

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

  22. 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

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