10 Steps to switching Energy Supplier


Aug 23, 2013
10 Steps to switching Energy Supplier

Thanks to the internet, these days it’s easy to compare prices and switch energy supplier. In fact if you’re wanting to keep the pennies in your pocket, it should be viewed as an important part of your regular finance review, along with other household bills and insurance policies.

Switching energy supplier shouldn’t be daunting; there’s no physical change apart from the company that bills you and of course the amount you pay for your energy supply.


To help you on your way, here are your 10 steps to switching energy supplier:

1. Speak to your existing supplier to see if they can offer you a better deal.
2. Check whether you will be charged a fee for cancelling their service (it may still be worth you switching even if there is an exit fee, it all depends on how much you could save).
3. Get together the information you need to compare energy prices (the name of the tariff you are currently on / the amount you have spent on energy over the previous 12 months / your current method of payment / your postcode.
4. Make sure you don’t have an outstanding debt with your existing supplier as it might prevent you from switching; especially if it’s greater than £500.
5. Compare energy prices of all the UK’s residential energy suppliers by using our energy comparison table. 
6. Select your preferred energy supplier and follow their instructions to apply (switching can take up to 8 weeks).
7. Receive confirmation of the switch either in writing or via the phone. You will have a 7 or 14 day cooling off period in case you change your mind.
8. Inform your existing energy supplier of the change to ensure they don’t try to block the switch for any reason.
9. Settle any outstanding energy bills and where relevant cancel standing orders or direct debits. 
10. Take a meter reading for your new supplier. It’s worth keeping the reading just in case there are any final billing queries.

So as you can see, really the hard work is left to the energy supplier. You just choose the company and tariff that’s best for you and save money. 
 

To get started, click here to compare energy costs so you can see if it’s worth your while switching energy suppliers.

Ashley Shepherd


Ashley Shepherd is an Over 50s Personal Finance Expert

ashley shepherd

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