How to choose cheapest electricity provider that suites your needs
Strømtest has compared many power providers in Norway, trying to find the cheapest power supplier. There are many different suppliers and deals out there, and it’s fast becoming difficult to find cheap power on your own. Above we have collected the best power suppliers, just tap read more to swap – it will not be easier.
How we rated power providers
Because the spot rate of power is the same for all power suppliers, and it varies frequently, we’ve only looked at the cheapest power suppliers when it comes to additional costs – this gives you cheap power. Thus, we have included the power suppliers with the lowest monthly charge and kWh premium which includes statutory fees. For most, cheap power is the most important in the choice of power companies. Even though there are many power providers, most of them provide the same power from the same sources, in other words, you get power from the same power company, regardless of whether you choose an expensive or cheap power supplier. The main difference for you as a customer is price and customer service. Therefore, our list never exceeds 4 power companies, as we bring suppliers that offer the cheapest power and good customer service, so are not many of them.
Things to keep in mind when switching power supplier
Please be aware of the terms of agreement, any binding time, agreement type, billing options, any promotional offers, and end of campaign terms. As we have mentioned above, spot price is recommended as the cheapest electricity deal over time. Make sure you get the right deal, terms and prices when ordering the power agreement. Just about all power providers offer different power agreements, for example. spot price, variable, fixed price etc. and it can be difficult to find the cheap power deal on your own, press read more next to the deal to get to the power deal we’ve compared. Also note that some agreements require a contract and an invoice. Without drawing this, you may be transferred to a more expensive electricity deal. Be sure to read the terms of agreement carefully before confirming exchange.
There are very many who receive two invoices, one from the local power company power company and the other from the power supplier if you have chosen a cheaper power supplier. NVE has introduced a new scheme called through billing, which means that the electricity customers will now be able to switch the power supplier without having to receive 2 invoices as many today do. Through-billing works in the way that the network company sends an invoice for network leasing to the power provider, which adds network lease to your current invoice. Through-billing entered into force on September 1, 2016. Most power providers offer 3 ways you can pay: postpay, prepay and an account. We recommend going for postpay, then pay for only what you have used. It is also advisable to have an electronic invoice instead of invoice sent in the mail, you will save both the money for sending the invoice and you can set up both the e-invoice and Direct deposit in your online bank. With eFaktura only, you get the invoice sent to the online bank and all you have to do is approve it every time. With an Direct deposit, the bank will pay an invoice for you without having to keep in mind due dates and get purring if you forget about it.
How to switch power supplier
There is no good reason to be loyal to an expensive power supplier. You can switch to a cheap supplier of power in no time. Those who have never switched power providers recommend looking at the option of a cheaper alternative. Most likely, we can help you find far cheaper power. People should switch suppliers often, to avoid being seated with expensive deals. In practice, you can arrange the switch by supplier by contacting the new power supplier. Some give you access to the swap schedule online, while others can send it on paper. This fills you out, with various details, such as the meter number and the meter position. Then submit the form. The new supplier takes care of the rest. The change becomes active after approx. three weeks. It is not only the choice of power supplier or cheap power that is essential for the size of the bill Although, on this page, we are very focused on getting cheap power and helping you find a good power provider, there are several things that can help you cut your bills.
What does a power bill account for? There are mainly three parts in all power bills: Price for network lease, power price and fees. Grid rentals are a price you pay to get the power delivered to you. This will be paid to your local power supplier. You cannot choose which provider of the grid you want to use, as this is a monopoly business controlled by NVE. In addition, two thirds of grid lease charges for VAT, usage fee, energy fund fee, consumption fee and network lease to the central network. You can read more about online rental here. The next part is the price of power you have used. Here you can freely choose the cheap power supplier and agreement you want to use. There are three power agreements you can use with most power suppliers: spot price, fixed price and variable price. Most select spot prices also called market prices and according to Smartpenger (2017) this gives the cheapest power over time. Power spot rate follows the price of power that the power provider pays for itself and a small addition to the power supplier. You can check today’s spot price at Nordpool ASA. Here you will enjoy when prices go down, but you will also pay more when the price goes up. You can have a fixed price agreement on power, that is, you pay a fixed amount per kWh. The advantage of the fixed price above the spot price is predictability so you do not have to worry about varying current price this gives you security, but not the cheapest price over time. Smart money (2017). Standing variable is the most common power price in Norway. If you have not switched power supplier in recent years, you have the most likely variable power price. The price is based on developments in the power market, spot price and how much competition it is in the market. All power suppliers are required to inform you about price changes at least 14 days before the changes take effect. Many energetic measures will be more profitable as the price of electricity rises. Relative to how high the electricity price is, it will be more profitable to do different enabling measures in your home, alternatively to what would cost if the electricity was cheaper. For example, if the power was cheap enough, one could continue to have simple glass windows in the home, while the current price corresponds to cheaper triple or double windows instead of firing extra. But inexpensive power does not have to be a motivation for not doing enhancement either. Essentially, it is also a matter of comfort. Even though you should find a very good power supplier that gives you cheap power, replacing windows that pull, or to insulate under the floor, or the ceiling clearly shows how comfortable it is to live in a home, how fast it can be heated when you get home and how easy it is to keep a stable comfortable warmth inside. A good power supplier that gives you cheap power is also no reason not to reduce power consumption. With the price level we currently have on electricity, even if you’ve already got the cheapest electricity available on the market, there are several investments that can be made, in the long term, saving money while making your house more comfortable. to be special when we get closer to the colder seasons. The heat pump is perhaps the most important investment to reduce power consumption, but there are also some other investments that can pay off over time. Let’s look at how to save power with the right heat pump first. Basically, it is recommended that you design the heat pump so that it can heat large parts of your house, but that you dimension it to around 60% of the house’s heat demand in the winter, if you have alternative heat sources, such as an incinerator. In this way, you do not waste too much power by operating an excessive pump while reducing power consumption using the secondary heat source. A modern wood stove is also no bad investment for you who have the option to store and buy it cheaply. With a newer oven, less of the heat dissipates. You can expect a new oven to save you 50% at. It’s also not a bad combo, along with a power supplier that gives you cheap power. In the household there are also several things that you can change. The three main power shutters are the washing machine, the dryer and the hot water tank. Even if you have found a good supplier that gives you cheap power, here on our pages, we saw these three still a huge expense item. The best thing to do is phase them out with modern appliances as they are ripe for exchange. There are already versions of all three, which have a built-in heat pump, which will temporarily lend the heat from the room in which the appliances are in, while reducing power costs to one third or less. Of course, it’s not profitable to buy new, if you have devices that work, but you may want to look at the possibilities when replacing stands for door. Combining such an effort to keep you updated on which power provider is offering cheap power can save you thousands of dollars each year, while making your home much more comfortable to live in.
Tips to save power
Cheap power probably will not be enough if you spend too much power. Did you know that you can save hundreds of dollars a year by making small changes in how to use power? Average 60% of home power is used for heating. If you lower the temperature by 2-4 degrees, you will save about 2-3,000 kWh a year. If you choose to use the woodburning stove, you can quickly save 5-8000 kWh a year. Power-consuming equipment such as a dishwasher, tumble dryer, etc. should be used when filled up as they use about as much regardless of where they are filled up. Most Norwegian homes spend about $ 500 a year on stand-by mode devices. There are many tricky solutions like remote and time-switched power switches. Get more energy saving tips on our blog.