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Switch energy suppliers to get the best deals.
Switch energy suppliers to get the best deals.
Are you overpaying for your energy? Significant savings could be just a switch away.
Energy suppliers are now offering attractive deals to new customers. Switching suppliers can seem like a hassle, but it is easier than most people think.
This guide provides all the information you need to know about how to switch energy suppliers.
Jump to the key parts of our guide:
Our experts summarise the steps involved in switching to a new energy supplier.
Ofgem’s latest retail market report shows that 21 energy suppliers are actively trying to attract customers in today’s market.
The first step in the switching process is to choose which of these suppliers you want to switch to. Here are a few things to consider:
💡 New energy deals typically include an early exit fee payable if you switch before the fixed term ends. Longer tariffs may be the cheapest option, but make sure you are comfortable with the length of the new contract.
All the information required to switch to a new supplier can be found on a recent energy bill. Here’s what you’ll need:
You can apply to switch suppliers either directly through the website of your chosen supplier or via an energy comparison website.
In either case, you will need to enter all the details you have collected in Step 2 above.
You will also need to choose your switch date as part of the application. Here are your options:
Your new supplier will process your application and will be in touch with you to confirm acceptance.
Your new supplier’s customer service team will be in touch if there are any issues as part of their onboarding process.
💡Most energy suppliers will conduct a credit check as part of their acceptance procedures.
Your new supplier will contact your old supplier to arrange your switch.
Once the switch has been arranged, your new supplier will contact you to confirm your switch date.
💡You do not need to inform your current supplier that you intend to switch. Your new supplier will handle the whole transfer.
We highly recommend taking a manual meter reading on your confirmed switch date.
If you have a smart energy meter, your new and old suppliers may be able to do this automatically, but it’s worth having a backup, just in case.
Your new and old supplier will use your final meter reading to calculate your final and first bills.
Once the switch has been completed, your old supplier will send you a final bill up to the switch date.
Your old supplier will attempt to take payment through your direct debit if this is how you usually pay.
💡If your account is in credit (your old supplier owes you money), this will be refunded within 14 days of your final bill.
Ofgem has recently rolled out its energy switching program, known as the Energy Switch Guarantee.
Under the guarantee, suppliers have committed to delivering switching for customers in 5 working days so that you can benefit from your new rates within a week.
The energy switching guarantee isn’t universal.
As of April 2024, the following suppliers have signed up to the scheme:
Source – Energy UK – Energy Switch Guarantee
The process may take a little longer for suppliers that haven’t committed to the switching guarantee.
Following the energy crisis, most home energy customers use a standard variable energy tariff, paying rates set by the energy price cap.
The cheapest tariffs available in the market are fixed-rate energy tariffs. These tariffs offer savings compared to the current price cap rate and lock in your energy price per kWh for a specified period.
Switching to a new supplier with a fixed tariff gives you security over energy bills, but if market prices fall, you may have saved more by not switching.
The decision on when to switch energy suppliers is a key one, so we’ve provided a specific guide on “Should I Fix My Energy Costs?“
Switching energy suppliers is normally painless, but a few points are worth considering before starting a switch.
Most homes pay a monthly fixed direct debit on energy bills. Review your latest bill to see if you owe your energy supplier money or if they owe you (in credit). If you switch away, you’ll need to settle whatever you owe.
Most fixed energy tariffs have an early exit fee clause if you switch energy suppliers before your end date. Review a recent energy bill to determine what type of tariff you have. If it’s a variable tariff, you can switch without a fee.
Smart meters are great. They automatically send meter readings to your supplier, saving you hassle, and they let you keep track of your energy usage. However, not all suppliers can support smart meter readings, so ensure your chosen supplier does.
We know switching energy suppliers can be confusing, so here are some answers to some of our most frequently asked questions.
Most energy suppliers will let you switch to another supplier if you have been in debt for less than 28 days. They will add this amount to your final bill. If you have been in debt for over 28 days, you must repay this first.
Home energy contracts have a cooling-off period of 14 days from the date you agree to the contract. You can change your mind and inform your new supplier during this time.
The cooling-off period guarantee is enforced by Ofgem, the regulator. For more information, refer to our complete guide to the cooling-off period.
Yes, you definitely can. When comparing and switching, you can use our energy comparison tool and select green tariffs in the filter option.
This will give you all the energy suppliers offering a renewable tariff, and you can decide which best suits your needs.
The energy switching process is identical for homes with prepayment meters.
The only additional caveat is that you must owe your current supplier less than £500 for gas and £500 for electricity at the point you decide to switch.
Ofgem, the energy regulator, oversees a program of compensation for when something goes wrong with the switching process.
If a mistake is made by either your old or new energy supplier, you can claim £30 if:
The compensation should be paid automatically by the relevant supplier in the above situations.
Source: Ofgem – Get compensation for problems switching energy suppliers.
The process of switching energy suppliers can seem pretty daunting, but it’s important to remember that there won’t be any physical changes in the electricity or gas supply to your home.
It’s just a matter of paperwork, and your new supplier will do most of the work.
We recommend reviewing our step by step process for switching energy suppliers to understand just how easy it is.
Let AquaSwitch help you find your next energy tariff. Compare energy prices today.