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If I Pay My Energy Bills By Monthly Direct Debit Will It Cost Less?
If I pay my gas and electricity bills by direct debit will it cost less? This may be a question that you might have and I'll provide the answer, including what you could also do to make sure that you lower your energy bill even further.
Paying your energy bill by monthly direct debit usually cost's less and this is because you'll be entitled to a direct debit discount by your energy provider.
The discount is only available to those customers that pay by monthly direct debit. The reason is usually because it involves less hassle in collecting payments from customers.
Once your monthly direct debit payment is set up, the same amount will be debited from your bank account on the given date each month These payments will go towards your gas / electricity bill.
Your direct debit payment is then reviewed on the anniversary. The review is carried out to see if your monthly payments are covering your energy consumption.
If you've been overpaying they'll refund the difference and reduce your direct debit payment. On the other hand if you've been under paying then they'll increase your monthly payments so that the payments cover your consumption in the future.
In order to make sure that your energy supplier has reviewed your monthly payments for your energy bills correctly it's essential that you make sure that it's based on an actual meter reading and not an estimated reading. If the review has been done using an estimated meter reading you'll need to give them an up to date meter reading so that they review your payments again.
You'll be able to find out if the reading is estimated or an actual meter reading as it will show up on your energy statement.
If you've got a credit on your account then the choice is yours, you can either leave the credit in your energy account or request for it to be sent to you.
Direct debit is a way to get cheaper gas and electricity from suppliers, but the quick and simple way to get the cheapest gas and electricity prices will be to compare energy prices online and switch to the supplier offering the cheapest monthly direct debit payment tariff today.
Whenever you're looking to pay less for your gas and electricity supplies it’s always a wise idea to always first compare energy prices to find out who has the cheapest KWH rates and switch when you find a cheaper supplier.
By following these steps you should be able to find out which energy provider has the cheapest tariff or energy price plan that you can change over to now and start paying less for your gas and electricity supplies.
Energy companies such as British Gas, EDF energy, E.ON, Npower, Scottish Power, and SSE are the big six energy companies in the UK, but this doesn't always mean that they'll work out to be the cheapest for you; comparing prices online will enable you to find out which other supplier has the best rates that you can switch over to.
This is how to find the cheapest electricity provider to switch to now. Get cheaper electricity prices by comparing deals from all electricity suppliers to find cheap electricity from the cheapest electricity supplier.