Is your current contract with the energy provider coming to an end soon? Then, chances are, you are weighing your options: continue another term with the same provider or look for another provider. While it may seem convenient to continue with the same provider for another term, you may likely end up missing out on the benefits other energy providers offer. At the same time, shortlisting energy providers who align with your goals may seem challenging.
Lumo Energy is a popular energy provider that many households and businesses trust. The brand has offered services in Victoria and South Australia since 2010. It has a legacy of helping businesses and homeowners save on their energy bills by providing a wide range of renewable energy, solar feed-in tariffs, and carbon-neutral gas. Lumo Energy also offers reward programs for its customers, adding more value to their association with the brand.
However, despite all the benefits and features the energy provider offers, is it the right brand for you to bank on? Let’s find out:
Why Change to Lumo Energy
Lumo Energy is popular for its competitive prices, excellent customer service and unmatched range of products. The options are available for both residential and commercial uses, allowing anyone to switch to energy options that align with their unique needs. As the brand provides both electricity and gas options, it can effortlessly help you save money without compromising on the quality of outputs you are getting.
Benefits of Switching Energy Providers
It’s normal to wonder if switching energy providers is the right decision. But when you decide to make the switch, you are opening yourself to benefits such as:
- Lower rates: Other energy providers may offer competitive rates lower than your current provider, which can lead to more savings in the long run.
- Benefit periods and discounts: Many energy providers offer entry discounts and introductory benefits, ensuring you are always on competitive plans.
- Bundled deals: Some energy providers offer bundled benefits if you opt for their gas and electricity services.
- Tailored energy plans: Providers like Lumo Energy offer tailored energy plans, which lead to more savings without compromising the quality of energy supply.
Steps To Follow When Switching to Lumo Energy
Once you have decided to move forward with making Lumo Energy your provider, the next step would be to start the process officially. The steps usually involve:
1. Check if there are any exit fees on your current plan
Some energy and gas providers have an exit fee on their plans. These hidden breakaway fees can be discouraging and may surprise you. However, if you are certain that moving plans will help achieve the planned goals, then the exit fees can be an expense that will pay back for itself.
2. Audit your energy requirements
It’s important to determine how significantly your energy requirements have changed. Understanding your energy requirements gives you a perspective on which plan can accommodate them without seeming overbearing. Hiring experts to audit your energy requirements will be beneficial.
3. Compare energy plans and providers
Once you are sure about your property’s energy requirements, the next step is to shortlist and compare the available energy providers. This will allow you to determine which energy providers align with your needs and compare their energy rates. You should also consider evaluating factors such as discounts, value-added services, and other incentives that will benefit your decision in the long run. Lumo Energy is often a top choice for its competitive rates and reward programs.
4. Change your energy provider
To start the transition process, the next step is to contact the energy provider you want to switch to, for instance, Lumo Energy. Once you have contacted the new retailer, they will likely manage the overall transition process. You should expect a welcome package containing all terms, pricing, and details about your new plan.
5. Last meter reading
Before the final switch, your current energy provider will take a last reading to generate a final bill. This should not take more than a few days. Also, note that your new energy provider will notify you once the switch has been completed successfully.
The Bottom Line
Switching your energy provider is a smart way to save money. It also opens up pathways to newer product ranges and improved service quality. With its strong legacy of providing revolutionary products, competitive rates, and excellent customer service, Lumo Energy offers the peace of mind most people look for when switching providers. However, review offers and plans while keeping your energy requirements in mind to make the transition hassle-free. This step will declutter confusion and allow you to take advantage of available options.
Lynn Martelli is an editor at Readability. She received her MFA in Creative Writing from Antioch University and has worked as an editor for over 10 years. Lynn has edited a wide variety of books, including fiction, non-fiction, memoirs, and more. In her free time, Lynn enjoys reading, writing, and spending time with her family and friends.
