fixed amount of electricity before the end of the month
If you are looking to save on your monthly electricity costs, one option that is worth considering is an Electricity Suppliers‘ Market (ESM). An ESM is an organisation that provides competitive pricing on British Gas and other electricity suppliers. By shopping around you may be able to find a supplier that offers you more competitive prices than what you are currently paying. However, if you choose to sign up with an ESM provider you will still have to ensure that you keep the monthly balance of your contract until your contract comes to an end.
With an ESM plan you pay a pre-determined fee every month for as long as you remain a member. On a prepaid plan, you usually pay a flat rate fee for a fixed amount of electricity before the end of the month. On a prepaid (pre-pay) scheme, you normally pay for the electricity that you consume the previous month after the contract has ended. If you wish to cancel your contract early, you may be entitled to a refund of any fees that you have paid.
three basic material change provisions that apply to all utility suppliers
You may also want to consider switching to an off-grid supplier, if you are concerned about the reliability of traditional gas and electricity supplies. Off-grid suppliers provide their customers with independent power from the national grid. You will still need to have a Gas Safe certificates (GSC) number and Gas Safe license (GSP) number to connect to the national grid. Once connected, they will provide you with an energy performance certificate showing how much electricity and gas you use, and how much you are using your own fuel sources for.
There are three basic material change provisions that apply to all utility suppliers. These are the annual usage bandwidth caps, flexible tariff changes and the flexible, open access tariff changes. The following material change provisions relate to gas and electricity rates. The rate cap applies to gas and electricity usage for one year, after which the rate may increase by 5%.
Many consumers think that when they sign up for gas and electricity
With flexible tariff changes, your usage can be reviewed and altered at anytime without applying for a new contract. You will just receive an updated tariff which shows your usage in detail. To find out more about these changes, call your local gas and electricity provider. However, some providers may not allow you to contact them directly. For other utility companies, all you need to do is contact their toll free number and they will direct you to a sales or customer service centre.
Many consumers think that when they sign up for gas and electricity contracts that the prices will stay the same for the duration of the contract. This is not always the case. Different utility companies make changes to their pricing structures on a regular basis based on their costs and profit margins. They can either raise the price of gas or electricity, reduce the price of gas and increase the price of electricity depending on their profitability. Therefore it is better to read through your gas and electricity contracts carefully and be aware of the impact of these changes before you sign up for any gas and electricity contracts.