Is utility switching right for you?
People save money every year by shopping around for the best energy prices but there are a few things you should think about before you switch.
Are you on a fixed term contract?
Most suppliers charge a fee if you leave a fixed term contract early. If you have to pay a fee make sure it’s less than the amount you’re going to save when you switch.
Are you in debt with your current supplier?
Your current supplier can decline the switch if you owe them money and you might not be accepted by a new supplier. Some energy companies carry out a credit check before accepting a new customer.
Do you have a prepaid meter?
If you've got a pre-payment meter you can still switch energy suppliers and transfer debts of up to £500. You’ll have to carry on using the prepayment meter with your new supplier at least until any arrears are paid off.
Can you get a better deal from your current supplier?
If you stay with your current provider, there are other ways you could save money. Most companies offer a discount for paying by direct debit. Or if you have gas and electricity from the same supplier, you could get a dual-fuel discount. Contact your supplier to see if that’s available to you.
