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Do you understand your energy bills?

Person confused about billsConfusing energy bills could stop you getting the best deal.

From a recent Which? magazine article of the same title, they highlight the fact that many of us either don’t understand our energy bills and tariffs or find it confusing, that they spend so much time reading through it, just to make sense of it – eventually.

Are the energy companies doing this on purpose, a sort of conspiracy theory? In the hope that you or I will receive our renewal letter and think to yourself:

“I’m just going to stick with them because I really do not have the time or inclination to trawl through the bill to make ‘head nor tail’ of it?”

Perhaps! Either way, we as the consumer lose out. Do nothing and pay more than need be. Spend time understanding the bill and searching for better rates, you are assigning a lot of time, some might say ‘wasteful time’ in your quest for improved rates.

I have been in this position as well, both domestically and commercially. Trying to fathom my home electricity bill – economy 10. Would it be better for me to switch to economy 7? What are the pro’s and con’s of this? Who do I call and will I go from option to option before eventually speaking with another human, by which time you’ve assigned half an hour of your life to listening to what is now, rather irritating music.

Try sorting it yourself, to keep on top of it, which is admirable, then you will probably want to compile a spreadsheet. Noting your current rates, consumption levels, new rates from current supplier then from competitors. Once more, you’ve spent time on this task.

And then once you think that you have sorted it, you decide to try the suppliers once more, in the hope that you can re-negotiate the rates.

So how long has all this taken? A morning, a whole day perhaps. Either way, it’s time that you could and would have liked to of spent in some other way. Ok, so you may have saved yourself £££’s, but you feel drained. I know, I have been there. I’ve done this for businesses too. I would say that it’s not fun, but actually, I do enjoy the challenge, the fact finding, the analysis, yes, sometimes it isn’t as straight forward as you may think. But that’s for another time.

So what can you do? Ideally, as Which? are campaigning for, is to have our bills simplified. That’s a start. However, do you still want to spend all this time searching for the best rate? I’m certain that you don’t. There are sites and business that can do this for you and yes, it is often FREE. They won’t charge to look through your bill and find you a new rate or a selection of rates for you to choose from.

Domestically, the comparison sites do this for you, with some basic data entry from yourself. For business energy, it’s similar, however, there are companies such as U-GET that simply require a copy of a bill and a ‘letter of authority’ to begin the process. What we can provide, is the human element, helping resolve your problems; not knowing who a supplier may be when moving into a new shop or building, needing someone to check your bill as you believe it maybe incorrect.

We know that it’s confusing as well as time-consuming. When you have a business to run, this is something that you simply do not want to deal with. Allowing energy brokers and consultants to act on your behalf is a convenient and hassle free solution. Using the various suppliers to source rates and tariffs from means that we are independent and impartial, not favouring any one.

What’s more, you don’t have anything to lose by using the service, as you won’t pay us a penny.

Through affiliates, we are able to help with your energy consumption habits. Assessing  and reducing them, with the aim of further reducing your costs. Energy management article

Have you found it difficult to work out how your bills have been calculated?

  • Are any of these easier to understand: your telephone bill or your gas and/or electricity bills?
  • What do you think could be done to improve things?

Contact U-GET Consultancy today, we’ll explain what we can do for you. Also, check our home energy comparison site.

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