Time to switch energy supplier
Paying too much for home energy? Compare electricity prices and gas prices where you live
HOW TO GET A CHEAPER ELECTRICITY & GAS DEAL
Energy price comparison website wowcompare.co is encouraging UK households to compare new home energy deals in 2024. Energy providers have started to launch new, more competitive electricity and gas tariffs.
Nick from WOWCOMPARE believes energy prices have stabilised and should fall further in 2024, provided nothing shocks UK & EU energy supplies.
“It’s a good time to to start comparing home energy deals. If Ofgem lowers the energy price cap in April prices could fall even further. That’s good news for those looking for a fixed tariff and great news for those on variable tariffs.
Late spring/early summer energy prices tend to be at their lowest levels, although it’s unlikely energy prices will fall back to lows last seen in 2019 / 2020.”
Comparison sites like WOWCOMPARE make it easy for households to compare tariffs from numerous energy suppliers including many of the UK’s most popular energy companies.
WOWCOMPARE – Compare electricity & gas offers from UK energy providers
WOWCOMPARE – Compare broadband prices in your area
What happened to energy prices in 2023?
After step energy price rises in 2021 & 2022, energy prices began to fall in the second half of 2023. In the year to December 2023 gas prices fell by 31.0% and electricity prices fell by 15.4%
(source: ONS Cost of Living Insights 29th January 2024)
Somewhat good news for UK consumers, although energy prices are still higher than prior to the energy crisis, they have fallen considerably and look to fall again in April if forecasts are correct.
What is the energy prices cap?
The energy price cap is set by Ofgem it regulates the maximum daily standing charges and unit pricing in kWh for electricity & gas. The current cap is set at £1928 for an average household with average energy use (households with high energy use will likely pay more).
How to save energy and reduce your electricity & gas bills
WOWCOMPARE has published its ‘Great Energy Saving Guide’. The guide provides many tips to help you reduce energy use and lower the amount of electricity & gas you use at home.
By implementing some, or all of the tips, you can start reducing energy use at home and hopefully cut £100’s from your energy bills.
Utility Warehouse - Join UW & Save
Utility Warehouse or UW are a multi-play utility and home services provider. UW provide electricity, gas, broadband, home phone and mobile phone services all administered via a single account & all billed together but itemised on one single monthly bill.
You can choose to sign up for just one service or for as many services as you need, the more services you take with UW the more you could save – As UW say “it’s better to bundle”.
Get your quote from UW today – Find out more about Utility Warehouse >>
