{"id":37,"date":"2017-02-01T14:45:42","date_gmt":"2017-02-01T14:45:42","guid":{"rendered":"https:\/\/blogs.ncl.ac.uk\/cesi\/?p=37"},"modified":"2017-02-01T14:53:46","modified_gmt":"2017-02-01T14:53:46","slug":"tariffs","status":"publish","type":"post","link":"https:\/\/blogs.ncl.ac.uk\/cesi\/2017\/02\/01\/tariffs\/","title":{"rendered":"Saving on Domestic Energy Bills – How to compare domestic energy bill tariffs"},"content":{"rendered":"

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As part of a series of posts focussing on consumer energy consumption reduction in the UK, this post highlights some advice in understanding a domestic consumer energy bill based on advice from Ofgem, \u00a0the government regulator for gas and electricity markets in Great Britain<\/p>\n

\"ofgem_icons\"<\/p>\n

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Saving on Domestic Energy Bills by finding a cheaper supplier\u00a0<\/strong><\/p>\n

In the UK, the energy regulator Ofgem, has encouraged domestic energy consumers to reduce their annual energy bills by switching to alternative tariffs with their supplier or switching supplier altogether. Tariffs are the prices that Energy Companies change per unit of energy used.<\/p>\n

To help the consumer navigate\u00a0the complex world of energy tariffs, Ofgem regulated that Energy Supply Companies\u00a0must provide a “Tariff Comparison Rate” for all the energy tariffs that they bring to market.<\/p>\n

Tariff Comparison Rate1<\/sup><\/strong><\/p>\n

The Tariff Comparison Rate \u00a0(TCR) is there to act as a price comparison guide for all energy customers. It breaks down the cost of an energy tariff by combining everything from the unit rates, standing charges, VAT and discounts into one amount and then dividing it by the average annual consumption figures published by Ofgem \u2013 the energy regulator.<\/p>\n

The idea is to allow all tariffs to be compared against one another, by giving you a single price per kilowatt hour for the energy you use.<\/p>\n

This is how it is calculated:-\u00a0<\/strong><\/p>\n