What’s in this guide?
Have you noticed a section on your energy bill marked ‘personal projection’?
Did you know that this is essential to being able to compare best and switch energy suppliers?
Take a look at this guide which will tell you everything you need to know about personal projection, including what it is and how it can benefit you.
What is a personal projection?
So what exactly is a personal projection?
Essentially, it tells you how much energy you are predicted to use over the next year, taking into consideration your usage.
This is meant to help simplify the market for customers. Hopefully, making it less confusing when you are looking at the sea of suppliers out there.
When using a comparison site, you can use your projection to see how much you could save elsewhere.
Did you know that on average switching from one of the big six could save you up to £400 a year alone?
That’s some serious savings.
How is this calculated?
To calculate a Personal Projection, your energy spend is predicted for 12-months ahead from the date of your comparison.
This usually includes using the last 12 months as an example.
What is it for?
When it comes to your bill, your projection will tell you whether you are on your suppliers cheapest tariff or not.
If you aren’t, you may want to consider comparing to see how much money you could be saving.
How can I use my projection?
If you don’t think you’re getting the best deal from your energy supplier, you could consider switching to either one of their cheaper tariffs or a different supplier.
Why compare suppliers?
Every supplier is unique in at least one way, whether it’s how they operate support or the variety of services that they offer.
Some energy companies are enormous and reliable, with millions of customers.
But these suppliers have ratings on trusted websites such as Trustpilot tends to be more harmful.
Independent energy companies tend to offer competitive pricing and excellent customer service, but they have more of a risk of going out of business.
There is a decent solution to help you to decide how to choose your next energy supplier.
When you compare, you can place these companies next to each other and see how they match up regarding not only price but also customer satisfaction.
How do I compare?
Once you have decided that comparing energy suppliers would be an excellent choice for you, how do you get started?
First, you need to decide what you value most in your supplier, whether it costs, tariff choices, customer service and extra services.
Second, you need to have some information to hand.
- Your annual consumption
- Size of your home
- Phone number
Third, you should compare.
This is when you use a comparison tool that will give you every deal available to you within minutes, saving you a lot of time and effort.
It can also ensure that you get deals potentially from companies you’ve never heard of.
Top Electricity Suppliers
For an idea of the top electricity suppliers, this is a list of some of the most popular and highest rated energy suppliers on Trustpilot, with a rating of 4-stars and above.
Bulb Energy is a newer energy company, having been launched in 2015 by two industry experts that wanted to offer a more open energy company.
This fresh approach to energy has to lead to thousands of customers leaving 5-star reviews on Trustpilot, claiming that the company is ethical, well-priced and helpful.
So Energy claims to give their customers great value as well as giving you control over where your energy comes from. This means either solar, wind, biomass, hydroelectric or tidal and their Ofgem report will reflect what their customers have chosen.
Affect is a business that has a team with over 50 years of experience with one of the bigger energy companies, and in that time they discovered that what people want is simple.
Affordable prices, and for their energy supplier to do what they say they are going to do.
So that’s what their aim is, and according to their high customer rating, they are succeeding.
Boost Power is a subsidiary of OVO Energy, which is a favourite independent energy company in the UK.
Created to serve prepayment customers of OVO, but they also welcome new customers. In a move to make sure that OVO’s prepayment customers have the dedicated support team they deserve.
|Company||Bulb||So Energy||Affect||Boost Power|
|Overall Trustpilot Score||★★★★★||★★★★★||★★★★★||★★★★|
|Discounts||No||No||£15.75 per fuel per year||No|
|The average cost for dual fuel three bedrooms home||£82||£78||£90.00||£80|
|Positive Reviews on Trustpilot||92% Positive||86% Positive||86% Positive||52% Positive|
Have you seen your personal projection for the next year?
Did you know that you could be saving up to £500 on your energy bills every year?