Why you Should ALWAYS Compare Energy Prices

Written by Michael Foote , founder of Quote Goat, with over 13 years experience working in the finance, insurance and currency sectors.

With energy comparison sites bringing you the best deals on the market at the click of a button, it’s never been easier to find a great plan that suits your needs. But although comparison sites are extremely popular these days – a surprising number of people still don’t use these free, money-saving tools.

It’s estimated that 11 million people in the UK regularly turn to comparison sites to check prices, which shows just how popular the websites have become. However, with close to 70 million calling the country their home, it appears there are still some who are unconvinced by the benefits of comparing prices online.

Whether it’s because they’re unaware of the improved deals that await, or they’re put off by the idea of dealing with a third-party company, it’s clear not everyone is sold on the wonders of price comparison sites. So, to give you an idea of the benefits of comparing deals, here’s why you should always compare your energy prices.

Best deals on the market

Although there are other benefits that we’ll cover in this article, first and foremost price comparison sites were designed for one reason and one reason only: to save you cash. After putting in just a few details, you’ll be shown all the best deals on the market, and they’ll give you an idea of what you could save by switching to a new plan.

There’s no obligation to commit to anything. If you don’t like what you see then log off and continue with the energy plan you’re currently using, although chances are you’ll discover a more favourable plan that could knock quite a hefty sum off your annual bill.

You’re wasting money by not switching

According to the CMA (Competition and Markets Authority) most people who stick with the same energy supplier and don’t bother switching their plan are losing £350 a year on average. Can you really afford to throw away so much of your hard-earned cash for the sake of comparing deals that usually takes no longer than 4 minutes? No, us neither!

Help and advice with switching

As well as allowing you to compare deals, comparison sites will also help you through the process of switching and offer you sound, impartial advice along the way. With some energy contracts you may need to pay an exit fee or a plan you’re interested in may come with conditions you should be aware of. Your advisor will help you deal with these, along with any other requirements making the transition to a new supplier a smooth and painless one.

With dozens of different suppliers and tariffs, it can be confusing knowing which to go with and there are often other factors to consider as well as the amount you’ll save. For instance, a provider may be offering a slightly better deal but for only 6-months with a price-hike expected thereafter. A price comparison advisor can point out some of these details and help you make an informed decision.

Although price comparison sites such as ours are more popular than ever, there are still some people who are losing money every year by not comparing their energy prices. Here at Quote Goat we want to ensure you get the best deals at the lowest price possible, so for savings on the market’s most favourable tariffs, head over to our energy comparison page today.