Switching energy suppliers is simpler than you think. Here at the Money Saving Helpline, we're experts in switching as spend every day working with both big and niche suppliers to offer the best deals for you. However, we understand that if you're not an expert, it can be confusing.
Here's our Power Smarts Blog guide to Energy Switching and how it can save you money.
First, you need to compare different energy suppliers to find a plan that suits your needs. You can use comparison websites, or you can reach out to our helpful humans to understand the market. When comparing, consider factors such as price per kilowatt-hour (kWh), contract length, and any additional fees.
Before switching, check the terms of your current energy contract. Look for any exit fees or notice periods that could apply if you terminate your contract early. Knowing this information will help you avoid unexpected charges.
Once you’ve found a suitable new supplier, you can sign up for a new energy plan. This can be done online or over the phone. You will need to provide some details, including your address and current energy usage. If you're using our helpful humans, we will guide you through this part. We can't make a decision for you, but we can offer impartial advice.
After you agree to switch, there is usually a cooling-off period (around 14 days) during which you can change your mind without any penalties. This period allows you to review the terms and ensure you’re happy with your decision.
After the cooling-off period, the switching process begins. Your new supplier will contact your current supplier to arrange the switch. You do not need to notify your old supplier yourself.
You will be asked to provide meter readings close to the switch date. This ensures that your final bill from your old supplier and your first bill from your new supplier are accurate. Some suppliers might send someone to take the readings for you.
Your old supplier will send you a final bill up to the switch date based on your last meter reading. Ensure you pay any outstanding amounts to complete the switch process.
Your new supplier will start providing energy on the agreed switch date. From this point, you will receive bills from your new supplier based on your usage and the new rates.
Switching energy suppliers can help you save money and find better service. By following these steps, you can ensure a smooth transition and start benefiting from your new energy plan. If you're unsure of what deal is best for you, we would love to help. Complete our form today to hear from a real person and discuss your needs.