Compare Gas and Electric Prices

When you begin comparing gas and electric prices, you may not know how the companies generate money, selling gas and electricity to you. With deregulation of energy supplies, the method of supply through pipes does not change, and irrespective of who the supplier is, the pipes remain the same. A single company is in charge of the supply of the energy and maintenance of pipes, etc. They sell the energy on to other companies, and it is those gas and electricity suppliers who pass on the expenses to you after adding their profit.

With the growth of companies selling gas and electricity at very competitive rates, more and more people compare gas and electricity prices today than they did in the past. In fact, if people do not compare prices themselves, the energy companies themselves are advising us through advertisements that we could save money by switching suppliers. The industry has used the old method of door-to-door selling, which has proved to be effective. Sales persons from companies visit residential areas and encourage homeowners to compare the low rates they are offering with what the consumer is currently paying.

Gas and electricity suppliers are competing for the same customers, and therefore will try to retain their customers by offering attractive incentives. This means that they will first put disincentives to you switching, for example, a disconnection charge. It may affect your initial savings, but may not be enough to stop you from switching. Therefore, they will try to keep the customer by offering cheap gas and electricity prices.

Comparing gas and electricity prices is essential as suppliers constantly change their prices. As one company lowers its tariff, the other follows suit. Some companies offer attractive offers like cash back, discounts, and credit for a fixed period of time. There are several suppliers offering these incentives, and a careful comparison will help you save your money.