Guide: how to switch energy providers
Originally published 13 April 2017. Energy market figures have since changed significantly - see our latest guides.
Switching energy provider could save a meaningful amount a year. Although it might seem like a pain, switching takes a matter of minutes. All you need is the name of your provider and tariff, and a bill for your usage details.
1. Check if any leaving fees apply
Look at your current policy and find out if any leaving fees apply. Fixed rate tariffs usually have charges for leaving before the arranged time, though providers should allow you to leave up to 49 days early, so it may be worth waiting until you are exempt.
2. Compare new providers
Visit a comparison site and enter your current policy and usage details. You will get a good idea of prices across the market.
3. Choose your switch
Find a well-priced quote and research the policy and provider, paying attention to the small print for increases and leaving fees. You will then arrange a direct debit for the new tariff.
4. Move smoothly over
Your new provider notifies your old one of the change, and the whole process should take just under 20 days. You will not lose access to your energy at any point.
5. Start saving
Enjoy your savings, and check again every year or so. The energy market constantly fluctuates and providers update their tariffs, so it is always worth keeping an eye out for better deals.