As a responsible homeowner/tenant/bill payer, reducing your electricity bill should be a major priority. After all, you'll still receive the same service regardless of the supplier. There are a variety of things you can do to lower those costs. The most effective upgrade, however, is to switch energy provider.
With so many options available in New York, most residents can lower their bill by choosing the best supplier for their requirements. Most people will avoid doing it because they think it's more hassle than it's worth. In truth, it's a far easier process than you probably imagine, and it could save you a serious sum of money.
So how should you go about switching energy provider? Here's all you need to know.
Know Your Current Situation
It's impossible to make an informed decision unless you understand your current situation. As such, your first step should be to analyze your current bill.
Most New York electricity providers offer online accounts. Even if yours doesn't, a paper copy of full details will suffice. Note your current tariff, along with the costs involved. This will immediately establish the best platform for taking things forward.
As already mentioned, there are a variety of options available. The only way you'll ever find the right one is to look at them all. This may feel like a daunting task, but a quick browse of a suitable electricity comparison site should put you on the right pathway.
The overall cost of service isn't as simple as you might think. Moreover, you need to think about tactical decisions such as the possibility of changing service again later down the line. Therefore, it's imperative that you take the type of tariff, length of contract, and termination fees.
If you don't use much energy, then you need to check the minimum costs too; failure to do this could come back to haunt you.
Before committing to any decision, it's vital that you complete the checks needed to ensure that you will be getting the savings you presume. Otherwise, your time and effort could go to waste while your bill could potentially increase.
To calculate your expected savings, you must first find the difference between the costs of your current supply and new supplier. Multiply this by your usage in kWhs to reach the predicted total savings. Taking your last month's usage will give you a rough estimate. But for a true reflection, you should look at a full year. After all, usage between the seasons can fluctuate ??" especially when you live in New York!
It's equally important to take additional costs into account. Whether it's the termination of your current deal or the admin fees associate to the new one doesn't matter. Factor those extra costs into the equation, and your decision will be clear.
Finally, remember that you might be in a position to haggle. Suppliers want your business, so don't be afraid to negotiate over things such as online billing fees. Every dollar saved will increase your annual savings.