Everyone wants to cut costs, especially during tough economic times. One of the simplest ways to reduce your outgoings is to look for an energy supplier that offers cheaper electricity prices than your current provider.

And doing this needn’t be a chore. While you can contact all the individual energy suppliers in your area and ask them for their electricity prices, this will of course involve a lot of time and effort.

A simpler way to do things is to check a price comparison site. They will show you the electricity prices from different suppliers, so you can choose the one that offers the best value for money.

Using a price comparison site is very simple. All you do is put in a few details about your location, your current electricity bills, pricing plan and the payment method you prefer.

Within moments you will be presented with a league table, showing all the energy providers that are available to you. This table will also show how their electricity prices are in comparison to your current bill.

You don’t have to worry that price comparison sites offer unbiased results - and some offer electricity prices which are lower than you can get direct from the suppliers.

To lower your bill further, you should also ensure you choose the most cost-effective way of paying. For example, if you manage your account over the Internet or if you pay by Direct Debit, you could see your electricity price reduced by up to 10 per cent.

Comparing gas and electricity prices takes just a few simple steps when you use a price comparison site. This can save you money on your monthly gas and electricity bills.

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