Preparing for Baby – saving money by changing energy supplier

I’ve made no secret of the fact that I’ve made some pretty drastic changes to our income in the past six months – resigning from my job has almost halved our income. I’ve been doing supply but my main objective has been to pay off my credit card before the 0% period ends and hubby has been taking care of the household stuff. We’ve been ticking along quite nicely.

Anyway, while I’m not working every day I thought I’d take the time to see if we can make any savings. So I started by checking we were on the cheapest tariff with Eon, our combined energy supplier. I admit this wasn’t completely unprompted. We had a letter from Eon last month to let us know that our current tariff was ending. They were moving us onto another tariff after 19th Feb if we didn’t do anything, and, after having a quick look at the new tariff it was obvious that it would be a bit more than we’d been paying.

So I decided to have a look at switching. I went to the obviously place, the Money Saving Expert website, but the companies providing cheaper options were ones I hadn’t heard of. I’m always a little wary of going with small budget companies as I found to my peril with my car insurance that they often come with hidden charges and (sometimes) poor service too. I noticed in the list of companies that offered savings that Eon, my existing supplier, were there too with a different tariff, and forecasted to cost just £1 per month more than the cheapest options I’d never heard of.

I’ve had really good service from Eon over the years so decided to log into my account on their website to see if I could access this cheaper tariff myself. When I did, I saw that it pointed out that this tariff (Fixed one year v.19) is only available until tomorrow. I found this confusing. Did they mean if I switched today, I’d have to switch again after tomorrow, or I could switch today and keep it for the next year.

I thought I’d call Eon to check as they’ve always proven really helpful on the phone before, but after 5 minutes on hold I turned to Twitter. Eon responded to my tweets really quickly and told me what I needed to know. And even better, if they bring out a cheaper tariff after the v.19 offer ends tomorrow, I can switch to the new tariff for free. Great!

While I was there I noticed that my account was fairly significantly in credit (not too surprising given the fairly mild winter we’ve had) so I decided to check if my direct debit could be adjusted. I was very pleased to see that our combined gas and electric payment can be reduced by nearly £30 per month for the next year! So it was well worth having a look into things there and I would encourage you to do the same. That £30 a month should buy a fair few nappies!

I then decided to call my credit card provider to check when the interest free period ends on my credit card – and it turns out to be a month sooner than I had thought. Pants! Oh well, back to the drawing board and time to start researching balance transfers…!

Preparing for baby by switching energy supplier

Disclaimer: This post is in no way sponsored, I was just chuffed that I’d made a saving and wanted to share! Hopefully it will encourage you to have a look and see if you can save a bit of cash too!

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9 Comments

  1. February 10, 2016 / 9:52 am

    I definitely need to find the time to change supplier! I could do with saving £30 a month! #BloggerClubUK

    • Jules
      February 12, 2016 / 11:28 am

      I think part of that saving is due to us overpaying over the past year, but even still, it’s nice to reap the rewards in what will likely be an expensive year! Definitely worth checking out!

  2. February 14, 2016 / 9:50 am

    I really must do this more often. I did it a couple of years ago and saved lots of money on our different insurance policies. If you look around you can really make good savings #kcacols

    • Jules
      February 14, 2016 / 9:53 am

      Yes, You’re right, I ought to take a look at our other expenses too!

  3. February 14, 2016 / 3:20 pm

    Well done you, sounds like a great result always good to make a saving espically when it can be redirected elsewhere. Hope you manage to find a good balance transfer – funnily enough I’ve been costing out maternity leave this weekend to see if I need to magic some money out of somewhere!! Thank you for joining us at #BloggerClubUK hope you can join us again next week xx

    • Jules
      February 14, 2016 / 3:21 pm

      Thanks – understanding maternity allowance is my next job! xx

  4. February 25, 2016 / 4:38 pm

    Ahh well done for managing to save some money! I hate the faff of going through those money saving sites but it IS worth it isn’t it? #KCACOLS

    • Jules
      February 25, 2016 / 5:33 pm

      I didn’t use the money saving site in the end. I did look to compare other companies but in the end it only worked out £1 per month more to stay with Eon but on a different tariff. I’ve been really happy with their service so felt I’d rather stick with them for the sake of £1.

  5. February 26, 2016 / 2:38 pm

    That is great news!!! You did very well checking in deep what you could do to improve your savings. I think we should do something like that at home as I think we are paying a little bit high our electricity too. Great job! Thanks so much lovely for sharing this at #KCACOLS. I would love to see you again on Sunday! 🙂 x

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