Can I leave my electricity company?

Can I leave my electricity company?

Exit fees are common with fixed rate tariffs if you switch early. The good news is that all suppliers should now allow you to leave up to 49 days ahead of your tariff’s end date without incurring a penalty.

Do you have to tell your energy supplier you are leaving?

While you don’t need to inform your current supplier that you’re switching, you should provide a meter reading to your new and old provider on the day of the supply switchover to ensure your bills are correct.

Can my energy supplier Stop Me switching?

You can’t be stopped from switching if it’s your supplier’s fault that you’re in debt – for example because they’ve estimated your bill wrong. If you do owe them money you’ll still need to pay this when you get your old supplier’s final bill.

Will my electric run out at night?

Your electric shouldn’t run out at night – learn more about emergency credit here. If you pay for your electric with a prepayment meter, it is possible for you to run out of credit and therefore power. If you’ve got a meter, it’s important to understand how your electricity supply works and what to do if you run out.

How quickly can I change energy supplier?

How long does it take to switch energy suppliers? For suppliers who have signed up to the Energy Switch Guarantee, it should take around 21 days to switch suppliers, but it can be quicker. However, most suppliers wait until the end of the 14-day ‘cooling off’ period to start the switching process.

How much can you save by switching energy supplier?

Some businesses can save up to 45% per year by switching their energy supplier, so it’s always worth comparing providers and using a partner to find you the best deal. Your savings will be based on many different factors so you should include as much information as possible when looking to switch.

Should I switch energy supplier now or wait?

If you’ve never switched, the best time to switch suppliers is right now – you’ll quickly realise you’ve been overpaying for way too long. Once an energy tariff elapses – they usually last no longer than 12 months – your supplier will automatically place you onto its standard plan.