Since energy suppliers have recently announced price cuts and launched new tariffs, you may be considering switching supplier. For those who are not familiar with the process, we thought it useful to give this handy guide which runs through what to expect and how to ensure your switch runs smoothly.
Changing energy supplier may seem stressful and daunting; however this does not have to be the case. Firstly, let’s clear up the biggest misconception many people have about it. Many customers wrongly assume switching energy supplier will lead to a disruption in their gas or electricity supply, this is not the case.
Some also think they will need to be connected to different supply pipes, again this is untrue. Energy companies will use the same pipe-work; therefore there is no need to worry about workmen visiting your home to make changes. All changes will appear on your bill.
Why is switching a good idea?
For most it’s about getting a better price and lowering bills. Some energy suppliers invariably offer cheaper tariffs than others, so it makes sense to take advantage of this. New customers tend to be offered the best deals, simply because they are new and every energy supplier wants to increase their customer base.
Once you have signed up, the tariff you are on may not seem as competitive. This is a good time think about switching again. It is wise to keep a regular check on the latest best energy tariffs using a price comparison website like Uswitch.com. These will help you find the cheapest tariffs in your area and by switching you can be confident you are getting the best deal.
These days, switching to an online tariff offers the most savings. For instance, if you opt to pay by direct debit, manage your account online and choose paperless billing, you will be rewarded even more. Online tariffs enable you to submit your meter readings online, so you do not have to worry about estimated bills.
Where do I start?
Chances are you have read or watched an advertisement from an energy supplier claiming to have the cheapest gas and electricity prices. Your instinct is to go with them; however the tariff you get will depend on your circumstances, for instance how much energy you consume and where you live.
The best place to compare and find the cheapest tariffs is the internet. Go online and use a price comparison website where you can access details of all the latest supplier prices in your area. The process is straightforward, and all you will need is a copy of a recent bill.
These websites make it easy for you to shop around for the best deals. They will ask you to fill in your postcode, and give an idea of how much energy you use, then work out your cheapest tariff. They will also help you make the switch.
How to switch
Once you have found the supplier and tariff you want to move to, you can either contact them directly where they will tell you what happens next. For those who do not want to talk to their existing or new energy supplier, a good option is to switch online using a price comparison website where it will all be taken care for you.
If you decide to switch online, you are likely to be asked to fill out some personal details i.e. name address etc. These will be passed on to the new supplier, who will contact you with details of the switch. Although it is not obligatory to inform your old supplier of your intent, it can sometimes help a smooth transition if you put something in writing to them.
Other things to consider
Now that you have agreed the switch, you should ensure you have paid any outstanding bills. You will also need to take a meter reading on the day your old supplier finishes, and your new supply begins. This will ensure your bills are accurate.
How long will it take?
It normally takes between 6-8 weeks to change energy supplier. You will receive a welcome letter from your new supplier explaining when the switchover date will be, and a final bill from your old supplier.
Sources:
http://www.confused.com/guides/household/energy/step-by-step-guide-to-the-energy-switching-process-2917107722
http://www.consumerfocus.org.uk/energy-help-and-advice/households/how-to-switch
