Cut electricity costs by electricity supplier comparison

Despite all efforts to save energy, here is only reminiscent of the replacement of the light bulb by the LED lamp, the electricity costs for consumers continue to rise. Since it is not enough that the customers are increasingly interested in an electricity supplier comparison, short power comparison. On the one hand, the wallet can be neatly spared, on the other hand, the environmentally conscious customer also finds an affordable tariff for “green electricity” in this way. A power comparison is very easy to perform and the resulting savings can even be several hundred euros per year.

Reduce electricity costs with the electricity comparison

As early as 1998, the so-called liberalization of the German electricity market took place. A target of this was also in the competition increase among the electricity providers. The expected price reductions for electricity but remained completely, on the contrary, the electricity became more expensive. The reason for this lies for the most part in the poorly crafted political energy transition. It requires a vigorous and very rapid expansion of all technical equipment that is essential for the generation and transmission of renewable energy. Most forecasts have long been assuming that electricity prices will continue until the 2030s. Nonetheless, consumers have a good chance of largely decoupling their budgets from price increases through repeated electricity comparisons.

Source: The development of electricity prices in recent years, according to BDEW

Reducing electricity costs using electricity comparisons is also important because in our households the number of power-consuming appliances, even though they can be operated today with low electrical energy, is constantly increasing. Almost everything around us is currently using electricity as an energy source. Thought may be given to:

  • the coffee machine
  • the fridge or the freezer
  • the dishwasher
  • the washing machine
  • the electric door and gate opener
  • the charging stations for electromobility
  • the TV and the music system
  • the mobile or smartphone
  • Internet router

About 27 percent of the power consumption of an average household is already accounted for by information technology, audio and TV. The politically driven and wanted by large corporations digitization would otherwise be absolutely impossible without electricity.

It’s good to save energy by turning off your devices’ stand-by mode, for example, or buying modern, low-power devices. However, you can save by such measures by far not so much money as with a cheaper electricity price, which you could find by comparing the electricity providers immediately.

Why is electricity comparison so cost-effective?

  1. Save up to 150 euros by switching off stand-by mode
    On average, according to the German Energy Agency (dena) alone, the constant readiness of your household electrical appliances amounts to 115 euros per year. But what the statistics conceal: The stand-by operation is usually ensured by primitive switching power supplies of low “life expectancy”, which has additional repair costs in tow. The following table shows the consumption of various devices in stand-by mode:
    Wattage Ø-hours / day € / year
    TV LCD, 80-94 cm 1 20 2 €
    TV old 6 20 10 €
    DVB-T receiver 10 20 17 €
    DVD recorder with hard disk 8th 22 14 €
    Hifi 10 20 16 €
    Radios (3 devices) 5 21 8 €
    PC + monitor + printer 10 20 16 €
    DSL modem + router 7 20 12 €
    Telephone cordless (charging cradle) 2 23 4 €
    Answering machine 3 24 6 €
    game console 3 22 5 €
    Kaffeevollautomat 3 23 6 €
    Total cost / year 115 €
  2. Save up to 400 euros by replacing obsolete household appliances
    This is statistically calculated by comparing two four-person households, differing only in the fact that one family owns only older household appliances, while the other family has replaced all their appliances with modern, energy-efficient ones. The statisticians, however, tacitly assume that the long-term cost of the new equipment will pay for itself as it did for old equipment. Everyone knows, however, that modern industrial equipment is provided with breaking points by the industry, which helps to boost the economy at the expense of consumers. The friendly salesman, who seems to translate the kilowatt-hour difference directly into a sounding coin for the piggy bank, tells only half the truth.
  3. The electricity provider comparison can bring in up to 700 euros
    Anyone who carries out an electricity supplier comparison and immediately thereafter changes the electricity supplier as a consequence can in fact save up to 700 euros per year. This statement on electricity comparison can be made plausible by the knowledge of electricity consumption in German households. Assuming an apartment building, the electricity level for the year 2017 is as follows:
    household size Consumption in kWh
    1 person 2300
    2 persons 3000
    3 persons 3600
    4 people 4000
    5 people 5000

The power consumption depends on many parameters. It is about the number and type of electrical equipment, including the habits and behavior of users and above all the question of whether the hot water is prepared for example with a water heater. In addition, in a detached house (EFH) is generally consumed slightly more power than in a multiple dwelling (MFH). Consumption of a constantly running heating pump is divided in the MFH just to more parties. The refrigerator consumes about the same amount of electricity in the one-person household as that of the five-person household.

In the basic supply tariff of the electricity supplier comparison is almost mandatory

Electricity comparison: Now electricity providers compare offers for free The German Energy Industry Act (EnWG) requires, according to § 36, para. 1 sentence 1, that the utilities company which has the most electricity customers in its network area is at the same time a formal provider of the region. Often the basic provider is the local utility. The definition of the universal service provider takes place every three years (on 1 July each time) by the network operator. This information should then always be published on the Internet by 30 September.

For example, if you have just moved and would like to be supplied with electricity immediately, but have not actively taken care of a power comparison in advance, you will be automatically assigned to the local electricity supplier. As a result, the new electricity customer pays the generally very high basic service tariff. This tariff is slightly more expensive, because every basic provider is required by law to supply all households in his catchment area with electricity (or gas ). Now there are black sheep in every herd, that is to say, there are customers in each population with an improvement in payment habits. For the company this means a risk of default. The many bills that may not be paid at the basic provider, are immediately allocated in advance to all customers in the basic rate, which is noticeable as a price increase.

More than 33 percent of German households are in the supply of their electricity in the universal service tariff. For example, those who have never dealt with electricity comparisons can probably assume that they are actually paying the expensive basic service tariff. Your electricity supplier will by no means inform its loyal customers that you have the opportunity to get your electricity cheaper. That’s bitter, because every single kilowatt hour you could have had nearly five cents cheaper for the whole time. Allow yourself to count up to several years.

Source: BDEW

A regular electricity cost comparison is worthwhile for everyone

In the basic supply tariff is an electricity supplier comparison almost mandatory! It really pays to compare the electricity providers, because almost every electricity comparison pays off in cash. This is especially true for those who are still stuck in the basic rate. A good time to compare the electricity providers are those days before the expiration of an existing minimum contract period, because the suppliers tend to continue thereafter with an increased tariff. In contrast, a change of provider is often rewarded with a bonus.

Even a move is always a good opportunity for the electricity comparison. In the new residential region, quite different, cheaper electricity tariffs can apply. Environmentally conscious consumers like to choose a green power variant, but in the past they were often deterred by their higher costs. At present you can assume that many tariffs for the “green electricity” are no more expensive than tariffs for the so-called electricity mix. With the power comparison you can specifically find out just these tariffs. Some electricity suppliers support the operation of environmentally friendly heat pumps and offer consumers a particularly favorable heat pump tariff .

Electricity prices are indeed subject to a particular dynamic. The advancing digitization has its share in it. For this reason, it is even worthwhile to compare the electricity providers annually, because most suppliers only offer lucrative new customer terms for the first year. Since the electricity market is quite competitive and constantly pushing new providers with new business ideas on this market, a regular electricity supplier comparison is more than recommended. When the current contract reaches its final months, it’s high time to take a look at the current offers for electricity.

The regular electricity supplier comparison makes sense at all times for all electricity customers. In Germany alone, more than 1,000 electricity providers compete for the customer’s favor. Therefore, you should take the time in your own interest to carry out the electricity cost comparison annually.

What should be considered in the electricity provider comparison

Electricity supplier comparison: Clever compare and switch to the best electricity supplier There are many interesting alternatives to the universal service tariff, which are emerging when comparing low-cost electricity providers, because the number of independent electricity providers is large and growing almost daily. All these companies make use of the Leipzig Electricity Exchange, where they conclude their extensive contracts as cheaply as possible. This is also the economic basis for attracting new customers with bills of exchange, package prices or price guarantees into their “mouse trap” in a kind of sales offensive.

Since each of the more than 1,000 electricity providers has to offer a long list of different tariffs, there is now an almost infinite number of confusion, which also changes every day. Many rates are available nationwide, while most others are linked to specific postcodes. The search for the individually tailored electricity tariff is like looking for a needle in a haystack and can only be handled by computer – we call it the power comparison.

The electricity comparison or electricity supplier comparison is carried out with the aid of the electricity calculator on the basis of a database whose tables are updated daily. For each request, an availability query is started by the power computer . First of all, the electricity tariffs in the environment of the customer are filtered out. Filter settings allow the new customer to clearly narrow down the result list. For example, in the course of the electricity comparison, a price guarantee may be required or the green power attribute may be set to only receive offers for green electricity.

Of course, what is considered as the highest priority in electricity cost comparison is the labor price per kilowatt-hour. What moreover should not be underestimated, these are the following aspects:

Prepayment and deposit have nothing to look for when comparing electricity

This is primarily about the safety of the electricity provider, who may have made in the past with many customers dispensable experience. As a consequence, some electricity suppliers demand the price of the estimated annual electricity consumption in advance. It is even more the rule that such tariffs are relatively cheap. But if the provider goes bankrupt, it is almost impossible for the customer to get back his prepaid money. In view of the large number of hard-competing companies, such a scenario is not even rare.

With bails it is also about increasing the security of the electricity provider. The deposit is a not inconsiderable sum of money, which is deposited with the electricity supplier to trusted hands and will be charged at the end of the electricity supply contract, if it does not already come before a corporate insolvency. But do not worry, you can only lose your bail in the worst case. No one has to fear a power failure because the local power company is obliged to supply all households in its catchment area. This service, however, can be paid very well. Therefore, consumer advocates recommend to refrain from electricity comparisons on tempting tariffs with deposit or cash in advance.

A change of supplier does not lead to a temporary power failure, as many fear. The basic provider is obliged to supply every household in his catchment area with electricity. If a supplier becomes insolvent, the power supply will be handled directly by the responsible basic provider. However, in this case, the slightly higher basic service tariff initially applies.

As a result, power packages are often associated with higher electricity costs

The “electricity package” contains a very specific amount of electrical energy, for example, for a whole year. Who decides to contractually agrees to pay at least this number of kilowatt hours. In concrete terms, this means that in the end, if you need less electricity than agreed, you still pay for the entire electricity package. If you consume more electricity than agreed, you will get it, but you will pay a significant surcharge for each additional kilowatt hour. A power package in the course of the electricity provider comparison may still be useful, but only for those who know their (almost constant) annual consumption very well. If you see in your statements a clear trend in the annual energy requirements, you can of course extrapolate exactly for the coming year. However, a certain residual risk is always attached to the electricity package.

A bonus can be tempting when comparing electricity providers

In the course of a electricity supplier comparison, one is also informed when a provider lures its new customers with a bonus. But it can be a bait, which lures you into a trap, because often then the work price per kilowatt hour is slightly higher. Note that even a price difference of just one cent in a typical two-person household adds up to around 35 euros per year. A change bonus of 100 € is so “amortized” after three years, then it is a pleasure for the electricity provider. Sometimes, certain conditions are linked to the billing bonus, which can be a minimum turnover in the electricity purchase. Look at your last bills well, they show how much electricity you’ve actually used in recent years.

For providers who wave attractive coupons, the per-kilowatt-hour working price is often a bit higher. For example, those who consume little power in a single household can very well consider whether it pays to pay the bonus and switch providers after the end of the contract period. In this case, you can look explicitly at vendors with bonuses at the electricity supplier comparison. For multi-person households with an increased power requirement, this experiment is usually not worthwhile.

It should also be noted that the promised bonus will only be granted towards the end of the contract period or immediately upon its commencement. In some cases, the contract renewal is a condition of the bonus. The “late” bonus is gladly forgotten by the electricity provider, so be careful. Therefore, make some proof that this bonus was once promised to you, and if it is just a screen print of the application on its website.

Rewards as bonuses, for example an Amazon voucher, a game console or even a smartphone, are quite popular. This bonus variant is much cheaper for the companies, since such assets are ordered in very large quantities and are therefore cheap to have. However, if you really need the bonus offer by accident, the change in electricity supplier can be interesting.

Who has no problem with getting involved in a long-term provider, as a frequent change of electricity supplier is perceived as annoying, can simply click away the check mark on the bonus field in the electricity provider comparison. As a result, the result list may be drastically shortened and hidden costs, which are always associated with the bonus financing, disappear with it.

The other side of the electricity provider comparison is to deal with the small print again every year to specifically search for bonus offers, which is sometimes referred to as a “savings-hopping”. There is even a ruling by the Federal Court, which legitimizes this behavior by pointing out that the promised bonuses are also payable to short-term customers.

With the electricity comparison to clean electricity

The electricity providers know about the idea of ​​environmental protection among their customers. The stable trend towards green electricity continues unabated. This has led most electricity suppliers to offer several certified green electricity tariffs at the same time. Some independent providers even stiffen completely on green electricity. However, even today, it is rare for green electricity to be available at very low rates, but this is not impossible. For this reason, a power comparison is essential here.

If there is interest in green electricity, it should be noted that the electricity supplier comparison almost always a combination of water and wind power is offered. However, it is quite possible, for example, to insist on pure hydropower energy, if you do not like wind turbines. Other suppliers, on the other hand, add fossil energy to their green electricity, but emphasize their rejection of nuclear power. If you want to be sure about the electricity comparison, that finally really green electricity comes from its socket, should rely on the recognized Ökostromsiegel “ok power” or “green electricity” .

You should pay particular attention to these points when comparing electricity providers

Comparing the electricity providers, on the one hand, is to contrast the pure figures and, on the other hand, to weigh the framework conditions of the contracts against each other. The electricity comparison proves to be really sustainable if you keep an eye on the following aspects:

The notice period and the contract period should be as short as possible, whereby the price guarantee should of course cover the entire contract period. The bureaucracy can be minimized by automatically renewing the power supply contract by one month each month unless either side terminates the contract.

  1. All electricity providers love a long customer loyalty. Therefore, you should pay attention to a minimum contract period of no more than one year when comparing the electricity. Bear in mind that it is precisely the companies that go with particularly low electricity rates or even too generous premiums on customer catch, often after the first contract year, the working price drastically increase. Those electricity suppliers who are so self-confident to offer half-year contracts usually do not have to worry about their customers dropping because of their good value for money.
  2. Anyone who comes across a price guarantee when comparing the electricity should take a closer look at such an offer. This saves you from surprising price increases during the contract period. If a “limited price guarantee” is mentioned, only those cost increases are passed on to the customer, which come about, for example, by a changed tax rate, which can not influence the electricity supplier. Such processes are not uncommon. In this case, the electricity costs increase, despite the (limited) price guarantee.
  3. Although you have a special right to cancel a price increase, but this is usually not long lasting. There is a risk that you will miss the time, for example when you are on vacation. For this reason, the shortest possible notice period is extremely important. A notice period of only 30 days is therefore quite a trust-forming criterion for the contract.
  4. Most electricity supply contracts involve automatic renewal . That’s good in principle, but avoids much bureaucracy. But always make a note of the latest date on which your termination would still take effect. The automatic extension of your contract should be a maximum of six weeks. It could be that you will find an unbeatable low-priced provider with your next electricity comparison, with which you would like to conclude a contract as soon as possible.

Also in the power comparison compromises must be made. In order to get the wide spectrum of possibilities in mind, you should even carry out several current comparisons in parallel by setting the checkmark a little differently when filling out the power calculator. The use of the electricity calculator and the electricity provider comparison are completely without obligation and of course free of charge.

Our conclusion

Previously, all electricity customers were tied to the local utility. Between the few large power companies, the service areas were clearly divided and allocated. A chance to compare power was not even in sight. With the liberalization of the electricity market, this changed in 1998. Today, anyone can freely choose between a variety of electricity providers and electricity tariffs. With the electricity comparison is always in a simple, fast way to find a particularly favorable electricity tariff. Incidentally, the frequently used electricity supplier comparison is a strong incentive for electricity suppliers to lower prices in the highly competitive market. Only strong competitive pressure creates real competition, you as the customer are the decisive wheel in the transmission, otherwise the electricity costs will be in the wrong direction Direction. Only the regular electricity supplier comparison leads to savings in electricity costs and forces all suppliers to concessions on electricity.

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