Switching Domestic Energy Suppliers

How often can I switch my domestic energy suppliers?

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    How often can I switch suppliers?

    We recommend that people compare business energy suppliers regularly and switch to providers to better deals whenever they can. You’re likely to save money by doing this. But if you’ve already made the switch, how soon can you change suppliers again?

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    How early can you switch suppliers?

    Once you’ve signed up to a new energy plan, you’re generally tied in for around 12 to 24 months. However, there will be a cooling off period of 14 days. This means that should you change your mind for any reason or find a better deal, you can back out without having to pay a penalty fee. Most providers state that a switch takes 17 days – this includes the two-week cooling off period as well as an additional three days for the change to take place.

    After this period has passed, you won’t be able to switch until at least the 28th day, and switching after this date could result in a penalty fee. This fee can vary in price from £5 per fuel up to £30 per fuel. This means that, for example, if you pay for both gas and electricity from a provider, you could pay anything from £10 to £60.

    Should you switch your domestic energy supplier?

    You may be willing to pay this if you can save more money per year than the cost of the penalty fee. For instance, if you had to pay £20 per fuel to exit, but you could save £80 per year by switching, then making the switch would still be worthwhile. However, if the penalty fee was at the top end of the spectrum at £60 and you were going to save the same amount per year by switching, you may choose to stay with the same provider.

    To sum up, you’ll have a cooling off period of 14 days to cancel or switch to another provider during this time. You can switch after 28 days of being with a new supplier, however a penalty fee may be required. This means that, theoretically, you could switch every 28 days, however this likely wouldn’t be cost effective and could take a lot of effort on your behalf. Once you’re out of a contract, for instance after 12 months, you can leave penalty free.

    Now we’ve determined when and how often you can switch energy suppliers, should you do it?

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      How often should you switch energy suppliers?

      There isn’t a set time frame to determine how often you should switch suppliers. It may be worth having a look at what other providers are offering every 12 months or so. However, you should only swap if you’re sure you’re going to save money and if you’re completely happy with the new proposed tariff. There’s no point in switching for switching’s sake. You should also be sure that the tariff suits your business’ needs. Forking out additional unexpected costs can be frustrating when you initially thought that you were getting a good deal.

      The people that benefit most from switching are the ones that haven’t done so for a while. Generally, providers will offer better discounts to new customers than to businesses that have used them for a long time.

      If you’ve been with your current provider for more than 12 months but are happy that they’re still offering a competitive rate, then it could be worth staying with them. However, you should make the swap if you’re not happy with the price or service.

      The best time to switch is during the 49 days before your contract is due to expire. Ofgem introduced this window that means, whether you’re tied in for 12 months or three years, you can switch suppliers up to 49 days before this expiration date.

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      Will switching save me money?

      Ofgem has previously stated that the average homeowner could save up to £300 by switching energy providers. Businesses might be able to save more than this as their electricity and gas usage tends to be higher than that of homeowners.

      However, we can’t promise that switching will always save you money. If your current provider is already offering very competitive rates, it may be that not many companies will be able to match this. However, you should shop around every 12 months or so to see if you could get a better price.

      If you have found another provider offering energy for less, you may be able to ring your current supplier and see if they can give you a deal. It’s likely that they won’t want to lose you as a customer and they could be able to offer you an additional discount to convince you to stay with them.

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      Choose your business address

      Can’t see the address? Enter manually

      Are you comparing for a business or home?

      Business

      Home


      Go Back
      Select Utility
      Now please select a utility I want to get prices for...
      Gas
      Electric
      Gas & Electric
      Water
      Go Back
      Next
      Please enter your business gas information
      How much do you spend & how often?

      An estimate is fine if you don't have a bill to hand

      Go Back
      Get Prices

      Let’s save time, can we automatically gather meter information?

      ? What does this mean?
      To get your quotes at lightening speed we need several key pieces of information which can all be found on your electricity bill. But by simply ticking this box, we can search ‘industry held data’ to get your meter number, electricity consumption and current energy supplier. This means that we can get you quick quotes without asking you to dig out all of your paperwork. This is personal data therefore we need you to allow us to access this information.
      Go Back

      Do you know your electric meter number?

      Does your meter number end in any of the following?

      Go Back
      Enter meter number
      I don’t know
      Please enter your business electricity information
      How much do you spend & how often?

      An estimate is fine if you don't have a bill to hand

      Start date for a new contract?
      Get Prices
      Please enter your water information
      How much do you spend & how often?

      An estimate is fine if you don't have a bill to hand

      Go Back
      Get Prices

        Enter your details below to get quotes We’ve helped over 90,000 businesses