You can compare gas meters and gas plans quickly and easily by using a price comparison site. This will let you know if a prepayment meter is the best option, or if you should consider monthly billing.
It may come as a surprise when you compare gas prices, but the amount you pay could depend on the type of meter you have installed in your home.
Around six million people in the UK have a prepayment meter, which means they have to pay for electricity and gas upfront. While this has some advantages, it often means that you will pay an above average rate for utilities.
Using a prepayment meter means you can easily keep track of the amount of gas you use. This will help you manage your budget more effectively. If you have slipped into debt with your energy supplier, a prepayment meter can help you clear this.
It also helps prevent any unexpected bills which can cause a significant dent in your savings.
However, if you compare gas prices, you will quickly find that prepayment meters have many disadvantages.
The most obvious is the inconvenience. You will often have to make trips to the shop to top up your card or key. And if you don't get to the shop in time, your gas supply could be switched off.
Finally, the best deals on the energy market are not available to people who pay for gas using a prepayment meter.
If you are on a prepayment meter, you may want to compare gas prices available using a conventional credit meter, to see if you could save money.
You will be able to switch to a standard account if you have been debt free for at least three months.
Once you have a standard meter installed, you will be able to compare the various gas suppliers, to make sure your provider is offering value for money.
The easiest way to do this is by using a price comparison site. Rather than contacting all the suppliers in your area to compare gas prices, all you will need to do is answer a few simple questions.
Details required include your current payment method, energy supplier, pricing plan and location. Once you have entered this information, you will be able to see how each gas supplier compares in terms of price and customer service.
With some suppliers you will be able to switch online, through the comparison site. Consequently, you could begin saving money immediately.
Whether you choose to stick with a prepayment meter, or move onto a standard meter, you may be able to save money when you compare gas prices and switch supplier.
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