{"componentChunkName":"component---src-templates-blog-post-blog-post-jsx","path":"/2019/06/06/save-money-on-energy-bills","result":{"data":{"contentfulWebBlogPost":{"id":"a7d0b57e-158f-5914-9050-8c70c26e0636","webSlug":"/2019/06/06/save-money-on-energy-bills","title":"Are you paying too much for your energy? Here’s how to find out.","description":{"description":"If you haven’t renewed your energy contract in the last few years, you could be paying more than you need to on your energy bills."},"slug":"/2019/06/06/save-money-on-energy-bills","startDate":"2019-06-06T15:30:00.000Z","isFeaturedPost":false,"authors":[{"id":"a5d248c7-942f-5779-a593-0f2b3cf8b23d","name":"Benji Portwin","jobTitle":{"text":"Product Manager"},"profilePicture":{"file":{"url":"//images.ctfassets.net/ro61k101ee59/LyV0QfVvTB8BzRQLTHYeL/ac8595c467697f6f9e01e4306940a48d/benjiportwin.png"}}}],"blogContent":{"content":{"data":{},"content":[{"data":{},"content":[{"data":{},"marks":[],"value":"If you haven’t renewed your contract with your existing energy supplier or switched to a new one in the last few years, you could be paying more than you need to for your energy.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"According to the energy regulator ","nodeType":"text"},{"data":{"uri":"https://www.ofgem.gov.uk/system/files/docs/2018/10/state_of_the_energy_market_report_2018.pdf"},"content":[{"data":{},"marks":[],"value":"Ofgem","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":", more than half of people in the UK are on expensive ‘standard variable’ tariffs, which are usually more expensive than fixed-term tariffs.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Am I paying too much?","nodeType":"text"}],"nodeType":"heading-2"},{"data":{},"content":[{"data":{},"marks":[],"value":"A fixed-term tariff means you’ll pay a set price for each unit of energy you use, for a certain period of time (usually a year or longer). ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"But after your fixed-term tariff ends, if you don’t choose a new tariff or switch to a different supplier, they’ll usually move you to a standard variable tariff. These ‘default’ tariffs are usually more expensive than fixed-term ones. And prices can go up and down, depending on the energy market.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"To make sure you’re getting a fair deal, it’s usually worth reviewing your energy bills once a year, after your existing contract ends. But more than 60% of people said they’ve only changed energy supplier only once, or not at all! ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Here’s how to work out if you’re paying more than you need to for your energy. And what to do about it if you are.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Am I on a standard variable tariff?","nodeType":"text"}],"nodeType":"heading-2"},{"data":{},"content":[{"data":{},"marks":[],"value":"You should be able to find out what energy tariff you’re on by checking your most recent bill (or by getting in touch with your supplier). ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"If the last time you sorted out your energy was so long ago you can’t remember, then there’s a good are your initial contract’s expired and you’re on a standard variable tariff. ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"How to switch","nodeType":"text"}],"nodeType":"heading-2"},{"data":{},"content":[{"data":{},"marks":[],"value":"1. Shop around","nodeType":"text"}],"nodeType":"heading-3"},{"data":{},"content":[{"data":{},"marks":[],"value":"Start by reading up on different tariff types, to work out which ones best suit you. ","nodeType":"text"},{"data":{"uri":"https://www.citizensadvice.org.uk/consumer/energy/energy-supply/get-a-better-energy-deal/choosing-energy-tariff/"},"content":[{"data":{},"marks":[],"value":"Citizens’ Advice","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" has a useful guide that explains the benefits of different tariffs depending on your needs, like if you’re looking for the cheapest tariff or you want an environmentally-friendly option. ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Use a comparison website to compare energy offers side by side. Make sure you understand the features of each deal and work out which one’s best for you.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"You can usually get a more accurate quote by entering your postcode and details about your house (like how many bedrooms it has). ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"If you’re happy with your current supplier but find a better offer somewhere else, you can ask to see if they’ll match it.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"2. Switch energy supplier through Monzo","nodeType":"text"}],"nodeType":"heading-3"},{"data":{},"content":[{"data":{},"marks":[],"value":"Making time for life admin isn’t always easy. So if you don’t have time to shop around, you can switch energy supplier through Monzo in minutes. ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"To start switching energy supplier, tap the button below ","nodeType":"text"},{"data":{},"marks":[{"type":"bold"}],"value":"on your phone.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{"target":{"metadata":{"tags":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"ro61k101ee59","contentful_id":"ro61k101ee59"}},"id":"c6tiptme4YmSMmJr1IS2A0w","type":"Entry","createdAt":"2019-06-14T15:48:19.148Z","updatedAt":"2019-06-14T15:48:19.148Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment","contentful_id":"master"}},"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"htmlSnippet","contentful_id":"htmlSnippet"}},"contentful_id":"6tiptme4YmSMmJr1IS2A0w"},"fields":{"content":{"en-GB":"<p>\n  <a href=\"monzo://backend_screen?id=energy_switch_offer&style=dark\"\n    >\n      Switch energy supplier\n  </a>\n</p>"},"name":{"en-GB":"Are you paying too much for your energy? Here’s how to find out. - 0"}}}},"content":[],"nodeType":"embedded-entry-block"},{"data":{},"content":[{"data":{},"marks":[],"value":"We’ll ask you to:","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"content":[{"data":{},"content":[{"data":{},"marks":[],"value":"Enter a few details about your home and the type of meter you have","nodeType":"text"}],"nodeType":"paragraph"}],"nodeType":"list-item"},{"data":{},"content":[{"data":{},"content":[{"data":{},"marks":[],"value":"Choose from the quotes provided by our trusted suppliers (and get a more accurate quote if you tell us your energy usage)","nodeType":"text"}],"nodeType":"paragraph"}],"nodeType":"list-item"},{"data":{},"content":[{"data":{},"content":[{"data":{},"marks":[],"value":"Choose to pay from your personal or joint account","nodeType":"text"}],"nodeType":"paragraph"}],"nodeType":"list-item"}],"nodeType":"ordered-list"},{"data":{},"content":[{"data":{},"marks":[],"value":"We’ll send your information to your chosen supplier and they’ll sort out the switch for you. That’s it!","nodeType":"text"}],"nodeType":"paragraph"},{"data":{"target":{"metadata":{"tags":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"ro61k101ee59","contentful_id":"ro61k101ee59"}},"id":"KFuUIVYUji3w7vIG0xS0Z","type":"Entry","createdAt":"2019-06-14T15:48:20.091Z","updatedAt":"2019-06-14T15:48:20.091Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment","contentful_id":"master"}},"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"htmlSnippet","contentful_id":"htmlSnippet"}},"contentful_id":"KFuUIVYUji3w7vIG0xS0Z"},"fields":{"content":{"en-GB":"<figure>\n<img src=\"https://www.monzo.com/static/images/blog/2019-05-08-energy/energy-switching-1.png\" alt=\"Screen showing the option to switch energy provider through the Monzo app\"/>\n</figure>"},"name":{"en-GB":"Are you paying too much for your energy? Here’s how to find out. - 1"}}}},"content":[],"nodeType":"embedded-entry-block"},{"data":{},"content":[{"data":{},"marks":[],"value":"You can choose from two energy suppliers: ","nodeType":"text"},{"data":{"uri":"https://www.ovoenergy.com/"},"content":[{"data":{},"marks":[],"value":"OVO Energy","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" and ","nodeType":"text"},{"data":{"uri":"https://octopus.energy/"},"content":[{"data":{},"marks":[],"value":"Octopus Energy","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":".","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Both companies offer renewable energy, and meet our high expectations for customer service and fair pricing. In fact, OVO was named ","nodeType":"text"},{"data":{"uri":"https://www.ovoenergy.com/blog/ovo-news/uswitch-energy-supplier-of-the-year-2019.html"},"content":[{"data":{},"marks":[],"value":"uSwitch energy supplier of the Year","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" this year, while Octopus was named ","nodeType":"text"},{"data":{"uri":"https://www.which.co.uk/news/2019/01/best-and-worst-energy-companies-for-2019/"},"content":[{"data":{},"marks":[],"value":"Which?’s number 1 recommended energy supplier","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" this year.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{"target":{"metadata":{"tags":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"ro61k101ee59","contentful_id":"ro61k101ee59"}},"id":"c78ourF9dlOTJwvnBQ2zceI","type":"Entry","createdAt":"2019-06-14T15:48:21.186Z","updatedAt":"2019-06-14T15:48:21.186Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment","contentful_id":"master"}},"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"htmlSnippet","contentful_id":"htmlSnippet"}},"contentful_id":"78ourF9dlOTJwvnBQ2zceI"},"fields":{"content":{"en-GB":"<figure>\n<img src=\"https://www.monzo.com/static/images/blog/2019-05-08-energy/energy-switching-3.png\" alt=\"Screens showing the option to switch to OVO Energy or Octopus Energy through the Monzo app\"/>\n</figure>"},"name":{"en-GB":"Are you paying too much for your energy? Here’s how to find out. - 2"}}}},"content":[],"nodeType":"embedded-entry-block"},{"data":{},"content":[{"data":{},"marks":[],"value":"We’ve chosen them because they offer competitive pricing with the level of customer service you expect.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[],"nodeType":"hr"},{"data":{},"content":[{"data":{},"marks":[],"value":"","nodeType":"text"}],"nodeType":"paragraph"}],"nodeType":"document"}},"ogTitle":"Are you paying too much for your energy? Here’s how to find out (and fix it!)","ogDescription":{"text":"If you haven’t renewed your energy contract in the last few years, you could be paying more than you need to on your energy bills."},"ogImage":{"file":{"url":"//images.ctfassets.net/ro61k101ee59/4dWOCxI5YkO3OsPZcnzbPj/d51922a97cd1b0763a1415c481af49d9/energy-switching-og.png"}},"ogImageUrl":"https://monzo.com/static/images/blog/2019-06-07-save-money-on-energy/cat-on-radiator.png","category":[{"categoryName":"How Money Works","description":{"text":"How money works"},"image":null}],"discussionId":"66909"}},"pageContext":{"slug":"/2019/06/06/save-money-on-energy-bills"}},"staticQueryHashes":[]}