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Energy Suppliers

8 replies

Rhapsodyinpurple · 29/04/2020 22:12

Quick question. How soon after moving can you change energy suppliers?

Plus if anyone has any recommendations.

OP posts:
BackforGood · 29/04/2020 22:21

The day you move.

Go on to Moneysaving expert for advice.

Use a few different comparison sites - it isn't going to be accuarate until you have a year's history of usage of course, so they will all be 'guessing' your useage.

Normalmumandwife · 01/05/2020 17:26

Be careful with uswitch. The way they calculate savings is a con, based on how long you have left on your current tariff and then assuming you are placed on the standard rate which is massively expensive.

FlamingoAndJohn · 01/05/2020 17:31

You can apply straight away but I think it takes about 3 weeks to go through.

Here is my code for Bulb if you want it. www.bulb.me/kate6795

Hagisonthehill · 01/05/2020 17:33

Go to make and it will calculate the best for your area.You can switch as soon as you want.

mencken · 01/05/2020 17:57

to be fair to uswitch, that's the standard Ofgem model, comparing savings with the extortionate standard tariffs which no-one financially savvy uses. (unfortunately 60% of the population are not financially savvy, although they do prop up the rest of us).

some of the comparison sites do allow you to compare with your current tariff, at which point you will see the actual saving. Which won't be much even though wholesale energy prices are plummeting. A quick spreadsheet is the best way.

watch out for Bulb, those referral incentives don't come for free...

anonprivate · 01/05/2020 18:05

Hi, i work for a energy supplier.

You can switch the day you take responsibility for the property.

A switch takes 18 days to go through and make sure you contact the pre-existing supplier at the property to make them aware you have moved in.

Sometimes switches can be rejected if they think the person requesting it is not responsible for the property, you will also be liable with the previous supplier for the 17 days before the switch completes.

To get the cheapest tariff make sure you are looking at the unit rates for each KWH of energy and the standing charges as opposed to an estimated monthly bill. At the end of the day you will only pay for what you use.

If you go onto a fixed contract make sure you set a reminder 30 days before it ends to shop around for the next tariff as once it expires you will automatically transferred to a much more expensive standard tariff. You are free to switch in those final 30 days.

With your pre-existing supplier make sure you talk to them about their standard in contract rates vs out of contract rates as it may be cheaper for those 17 days to opt into the standard tariff as opposed to the out of contract rates you will begin on.

Oh and make sure you send a start reading to your new supplier the day you switch over to get your final bill from your old supplier asap!

Toomanycats99 · 01/05/2020 18:15

@mencken

Bulb came up cheapest for me......

mencken · 02/05/2020 12:58

that's good, it can happen. Energy pricing is area dependent. They certainly don't want me in not-London and with no gas!

I still wonder how the incentives are paid for, though.

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