Before you start a comparison search via our site, we recommend you try to have the following to hand:
- Latest bill from your current supplier(s) for both electricity and gas
- Your MPAN (more on this later) You’ll find it on your electricity bill – it will start 01 or 02
- A rough idea of either: how much you pay per year in total for your electricity needs, or the total KWh’s (more on these later) you’ve used in the previous 12 months.
- A rough idea of either: how much you pay per year in total for your gas needs, or the total KWh’s (more on these later) you’ve used in the previous 12 months.
- Don‘t worry though, we can still compare prices for you without these details, but having them to hand will likely provide you with a more accurate view of your bills going forward.
- A view on your preferred method of payment – this often determines the type of tariff a supplier will offer you and as a general rule paying by Direct Debit gives you the widest range of options.
- Your postcode
- An email address for correspondence
What do these things mean?
KWh: Kilowatt-hour – the units of energy by which your bill will be based
Unit Rates: this is the price in pence you’ll pay for each KWh you consumer
Standing Charge: usually a pence per day and has historically reflected the costs of your meter and connection
Economy 7 – a tariff that is mainly utilised where gas is not available to your home and instead heat is provided by electricity storage heaters.
Tariff End date – the date at which your fixed term agreement ends and your tariff moves to your suppliers Standard Variable Tariff.
SVT – Standard Variable tariff: see above.
Tariff Name – usually the name given to your energy product by the energy suppliers. Typically these names reflect the specified end date of the product.
Tariff Type – when choosing a supplier via our service this will generally be “fixed”, i.e. it remains the same for the duration of the contract period. You will also see the term “variable”, this is when the tariff moves in line with the suppliers readily available SVT.
Exit Fees – the fee you’ll incur (usually per fuel) if you choose to exit your product agreement before its natural end date.
Additional Products – some suppliers offer reward schemes, online billing, price alerts, access to energy efficiency products and similar items.
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