Considering the equipment in question: an iPad, a washing machine, and so on, is it a smart and beneficial choice to make a switch?

In the competitive world of energy supply, companies like E.ON and Yello, as well as lesser-known providers, are offering enticing bonuses to attract new customers. These bonuses range from material rewards such as coffee makers, bicycles, or PCs, all the way up to high-end devices like iPads or TVs.

But before you make the switch, it's essential to consider various factors. The cost of the bonus and the electricity tariff are crucial elements to weigh. Many electricity suppliers offer annual contracts that seem cheap due to the bonus or discount, but electricity prices may surge after the first year.

There are three main types of bonuses: immediate cash payments, new customer bonuses, and material bonuses. Even among cheaper providers, some offer a tariff with a bonus, such as E.ON or Entega.

For those who find the annual switch too time-consuming, it's recommended to take more time to choose a supplier with a long contract. Factors like contract length, notice period, price guarantee, and contract extension terms should be carefully considered.

Some electricity providers tempt with rewards like a washing machine or a bicycle as a bonus. Many providers offer a bonus payment for new customers. These bonuses are offered by energy suppliers to attract new customers.

However, it's important to note that energy suppliers may not always check the creditworthiness of potential customers, making it possible to secure a new contract with a bonus even with a negative SCHUFA entry. Dealing with a small or less established company and paying in advance can be risky, as in case of the supplier's insolvency, your money could also be lost.

The process of switching to an energy supplier with a bonus involves comparing energy suppliers and tariffs, considering needed devices, choosing a supplier with a bonus and appropriate tariff, and completing the switch online. Our electricity comparison tool can help find a suitable energy supplier and facilitate the switch process.

For instance, for a one-person household consuming 1,500 kWh, the same provider charges €10 per month without a bonus but €28 per month with an iPad 32 GB bonus. This makes the contract with the hardware bonus €308 more expensive per year. However, the higher tariff in the later years may not pay off if the bonus cost is less than the increased tariff.

New customer bonuses are offered to those who have not had a contract with the electricity provider in the previous year or half year. Companies offering electricity tariffs with bonuses include ExtraEnergie, Lechwerke, EWE Vertrieb, Grünwelt Wärmestrom, and ESWE, among others. Additionally, E.ON provides flexible tariffs with up to €240 annual bonus.

Local basic suppliers are obligated to provide electricity to customers with poor creditworthiness. Remember, before making a decision, always consider the long-term implications and choose wisely to reap the benefits of these energy bonuses.