Is switching energy provider right for me?
People save money every year by shopping around for the best prices.
Here are a few things to think about before you switch:
Due to the high cost of energy, it may not be practical for you to switch right now. You may be on the best deal you can get.
Are you on a fixed term contract?
Most suppliers charge an exit fee if you leave a fixed term contract early.
Make sure your exit fee is less than what you save when you switch.
An Ofgem Confidence Code accredited comparison site can tell you:
- If leaving your current supplier is better for you
- Even with the exit fee
Are you living in a rented property?
Some rental contracts say you cannot change supplier.
This contract term:
- Is unfair
- Cannot be enforced
Your landlord or letting agent cannot stop you changing supplier.
Your landlord cannot take money from your deposit if you change suppliers except for:
- Small administrative costs to change the supplier back
- These costs must be agreed and shown in your contract
- These rules only apply when switching providers
Your deposit could also be affected if:
- You change from a normal meter to a prepayment meter
- You change it without permission
Do you have a prepayment meter?
You can still:
- Switch energy suppliers
- Transfer debts of up to £500
You have to use the prepayment meter with your new supplier until you pay off the arrears.
Can you get a better deal from your current gas or electricity supplier?
Most companies offer a discount for paying by Direct Debit.
Or, if you get your gas and electricity from different suppliers:
- You could switch if one offers a dual fuel discount
- Contact your supplier to find out