7 Things To Consider When Switching Energy Provider

Utilities are one of the major expenses that eat up most of your salary every month. This is why every way you can find to reduce your bills is a great help. One way to do that is look for an electricity retailer here in Singapore with a much better service at reasonable if not lower rates.

If you’re thinking about looking for a new electricity retailers here in Singapore here are some of the things that you should look out for.

1.      Contract Terms

Minimum length of the contract and cancellation fees are just some of the details that you have to carefully understand and consider when it comes to contracts. Don’t mindlessly sign a contract without making sure you understood every condition and those are suitable for you. Look for a power supplier here in Singapore that will give you the degree of flexibility that you most prefer.

2.      Customer Service

Do they have more than one way to reach them? Do they respond to inquiries promptly? What do other people say about this particular company? All these things can say a lot about how they treat customers. It doesn’t matter if their offers are the best when it comes to their plan types if there’s a lot of complain when it comes to customer service. You’ll just end up going for a company that may have lapses in their plans but treats their clients well.

3.      Eco-Friendliness

If you have the option to purchase renewable energy, go for it! Since they generate energy without releasing carbon emissions, which is better for the environment than traditional fuel sources, they’re also better for human kind in the long run.  

4.      Plan Types

You’ll find a few different types of rate plans amongst energy providers here in Singapore. Two popular options are fixed-rate plans and variable-rate plans. Fixed-rate plans lock a customer into a rate for a given term. The rate for variable-rate plans, on the other hand, changes depending on market fluctuation. Each plan type has its own benefits. Do note that if you’re considering a variable-rate plan, you should also look into the company’s historical rates to get an idea of pricing trends.

5.      Usage Monitoring Tools

Who doesn’t want to spend less on energy cost? Everyone would love that! One way to do this is monitor your usage so that you can see where you’re using too much and where you can cut back on. But this can be difficult to do. This is why you should look closely at the tools a company offers to help you review your use, including weekly usage emails and smart devices—like thermostats—with monitoring apps. Some providers may even publish efficiency tips via blog or email to help you eliminate excess usage.

6.      Ease Of Billing

Combining your electricity and gas plans is a great way to save cash and streamline your accounts so there’s just the one bill to pay. This isn’t just a convenient way to reduce your energy cost but it also means less hassle for you when it comes to keeping track of your bills.

7.      Special Offers

Rewards, promos, and special plan offers may not seem all that much but you’d be surprised with how much you can save from utilizing them. These incentives may not last for the duration of your contract, but they could provide some decent savings in the short term.  So it doesn’t hurt to consider this too. With the help of BillCheap, all you have to do is type in how much energy you use and your average monthly bill, and then you’ll be able to compare energy deals from different provider in order to get the best on for you.