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Many factors contribute to the cost of your electricity bill, from the size and age of your home to your usage habits and even the area you live in. Electricity is far from a universal standard, even within the same country, with remote and affluent areas both tending to carry steeper costs than those of other regions.
That's one reason why relying on standard quoted tariffs is not the most effective way to compare electricity suppliers, as the cheapest supplier could vary depending on the area you live in.
However, you will need to check with your electricity supplier to find out whether they offer the best deal for you. If you've moved house to a different region but are still using the same provider that previously offered the best deal, you could find it's no longer as competitive in your new surroundings.
In the past, comparing all of the different quotes offered by different providers would have been a long and arduous experience, whereby you’d have had to phone round different suppliers and make notes on their offers. However nowadays, the quickest and most convenient way to compare electricity prices in your area is online. By simply entering your postcode onto their website, your supplier will be able to provide you with an estimate for your fuel costs, compared to other regions.
Some of the cheapest tariffs available today are those found exclusively online, which allow you to avoid the hassle of paper bills by dealing with your supplier over the internet. This can also result in radically reduced prices and discounts when you first sign up, and the benefits can keep on coming, especially if you pay by direct debit and enjoy cash back benefits each time you renew your annual subscription.
Keeping up with the number of online tariffs being offered can be a challenge, but once you find a deal from your supplier that you're happy with, you are likely to keep enjoying the benefits of reduced electricity for a long time to come - wherever you happen to live. However, it’s worth noting that Ofgem, who regulate the electricity and gas markets in Great Britain, have now restricted cheap acquisition prices to an introductory discount period, meaning that customer’s prices will increase after a given period if they do decide to go down that particular route.
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