When it comes to the big switch, it can seem daunting, but in truth, very little will change. The only noticeable thing will be that your bills come from a different supplier.
All you need to do is compare deals, find one you want and then go for it. When it comes to switching, your new supplier will usually take the lead and sort out all the details with your existing provider. In the majority of cases, they’ll even break the news to the existing supplier that you’re leaving.
Within a few weeks, you should get confirmation of all your switching details – such as new tariff, payment method and billing dates. Check the information is correct and then wait for the big switch.
The only things you’ll need to do are pay off any outstanding debt or ensure you’re credited back anything you’re owed. You’ll also need to take a meter reading.
You can leave partway through a contract but check whether there are any exit fees. If there are, then you’ll have to work out whether it’s worth switching in the first place.
But if your potential move is scuppered by pricey exit fees that aren’t worth forking out for, wait for notice of your current contract ending. Under Ofgem’s new code of conduct, energy suppliers have to tell you that your contract is due to end 42-49 days before it does. During this time, if you choose to switch, then you can’t be charged any exit fees.