How to Get the Best Deals on Electricity in Newcastle

Newcastle City Council’s Energy Services can offer free money saving and fuel debt advice to residents. They can also signpost people to other organisations that provide financial help with energy bills.

The existing UK network will face significant new demands over the coming decades from the electrification of transport and heat, requiring additional investment. This will require the use of smart technology.

Cheap electricity

The best energy prices for Newcastle are available from a range of established electricity retailers. These companies offer competitive energy rates based on your exact usage patterns. GoSwitch makes it easy to compare these options and find the best deal for your home. Its simple search engine analyzes your usage and compares rates from a wide range of providers. You can also select a plan that includes fixed or variable rates, green energy, and other features.

Energy retailers include necessary expenses like operating power plants and fuel costs into their pricing. However, you can make savings by shopping around for new rates every year when your contract expires. Then, you can choose a new energy provider that offers lower rates without an early termination fee.

Before you choose an electricity company, check whether it offers no deposit energy plans. These plans are a great option for people who are on tight budgets and have no need for a deposit.

Green energy

During medieval times, Newcastle’s growth from military outpost to city was fueled by wool exports. The town’s position on the Tyne made it a vital shipping point for this key industry, helping to power England’s economy.

Today, Newcastle is playing a part in the country’s transition to renewable energy, with the city’s inclusion in the state government’s proposed Hunter-Central Coast Renewable Energy Zone (REZ). This zone would encourage the development of solar and wind farms in the region.

The University of Newcastle is also expanding its renewables research capabilities. A new building at the Stephenson Campus will house a cutting-edge combined heat and power system. This technology will allow the University to generate its own low-carbon electricity and heat while reducing the campus’ carbon footprint.

The deregulated energy market means there are plenty of options for households seeking green electricity in Newcastle and the wider NSW. By using a price comparison website such as GoSwitch, consumers can locate better deals that will save them money.

Free nights and weekends

You may have heard about retail electricity plans that promise free energy during certain hours of the night and weekend. While these plans may seem tempting, you must be aware of how your lifestyle and energy patterns match up with the designated free times. You also need to know how these plans work so that you don’t get slammed with high rates during non-free periods.

These plans were originally created as a way to encourage customers to shift their usage away from 3-7 p.m. each day, known as Peak Demand. This is the time of day when demand exceeds supply, putting stress on our grid and pushing up electricity prices.

However, many consumers find it hard to understand the rates associated with these plans and don’t shift their usage to take advantage of the free hours. The best way to understand these plans is to look at their Electricity Fact Label (EFL), which is required by law to clearly outline rates and the designated free or discounted hours for each plan.

Save money

Using an online comparison tool like GoSwitch can help residents of Newcastle find the best energy deals available to them. They can choose from a range of providers and plans with flexible usage options and contract incentives to save money on electricity rates.

It is important to consider peak and off peak hours, as this can help lower your electricity bills. Also, replacing old appliances with newer, more energy efficient models could also help lower your bills.

High gas and electricity prices are a major issue for many households. Charities and energy companies can offer free advice, as well as government grants to reduce costs and improve efficiency. For example, if you use a prepayment meter, try registering with the BEST programme to access support.

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