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How to compare electricity suppliers?

The first thing we all look at when it comes to comparing energy suppliers is price, but there are additional considerations that you might want to take into account when comparing. These include:

  • Exit fees/early termination fee – Some suppliers have exit fees associated with their services, this is an additional charge for leaving the service early. As prices are always changing and it is often beneficial to have the option to switch plans, it is always worth looking at what the get out clause is from whoever you choose to supply you.
  • Managing your account online – You probably do it for banking, shopping and just about everything else in life, and your power supply should be the same. Look for a supplier that lets you check your account, pay your bills and generally manage your account.
  • Renewable energy – Obviously price is usually the most important metric of finding a new energy supplier, but if environmental impact is a concern of yours then look hard at where your new supplier gets its power from. For low environmental impact, you’ll want to look for companies that use solar, wind or hydroelectric power.
  • Membership rewards programs – Some suppliers offer rewards programs, points clubs and other incentives for being a customer. These are changing all the time so keep your eyes peeled for adverts that might lead you to additional rewards.

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