Find Cheaper Deals: Energy Supplier Switching 2025 Guide

January 21st, 2025
Find Cheaper Deals: Energy Supplier Switching 2025 Guide

What Is Energy Supplier Switching?

Switching your energy supplier means changing the company that provides your gas and electricity. The process can help you find a better energy deal, save money, or access improved customer service. While energy price remains a top factor for most people, there are other reasons to consider switching your current supplier to a new energy supplier.

Why Should You Consider Switching?

Finding a Better Deal

Switching allows you to compare energy tariffs and choose the cheapest deal. With options like fixed rate tariffs and variable tariffs, you can select a plan that best matches your energy use and household budget.

Improved Customer Service

Some energy providers offer better customer service, such as responsive online accounts, clear billing, and proactive support. If you’ve had issues with your current provider, it might be time to find a different supplier.

Supporting Renewable Energy

Many energy companies now provide green energy tariffs. By switching to a provider that supports renewable energy, you can reduce your carbon footprint while still managing your electricity bill.

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Thinking about changing your energy provider?

How Does the Switching Process Work?

1. Compare Energy Tariffs

Use a price comparison website to compare rates from different suppliers. Look for details like:

  • Cost per unit of energy
  • Dual fuel tariffs for both gas and electricity
  • Discounts for direct debit payments

2. Choose a New Supplier

Once you find a good deal, select your new supplier and sign up for their service. Your new energy provider will handle the switching process, including contacting your old supplier.

3. Provide Your Details

To complete the switch, you’ll need to provide:

  • Your bank account details for payment
  • Your current energy supplier information
  • A recent electricity bill or energy bill

4. Final Steps

  • Take a meter reading from your smart meter, credit meter, or prepayment meter to ensure accurate billing.
  • Pay your final bill from your old supplier to close your account.
  • Enjoy your new energy tariff with your new supplier.

What Are Fixed and Variable Tariffs?

Fixed Rate Tariff

A fixed rate tariff locks in the cost per unit of energy for a set period, typically 12 or 24 months. This protects you from market fluctuations and is ideal for those seeking stability in their energy bills.

Variable Tariff

A variable tariff changes based on the energy price cap and market rates. While this can lead to savings when prices drop, it can also result in higher bills during price increases.

Prepayment Tariffs

For customers with a prepayment meter, prepayment tariffs require you to pay for energy before using it. These are often more expensive than other options, but switching to a credit meter can provide access to cheaper plans.

When Is the Best Time to Switch Energy Suppliers?

Timing can impact the benefits of switching. Here’s what to consider:

  • End of Contract: Switch when your fixed contract ends to avoid exit fees.
  • Moving to a New Home: Notify your current provider of your new address and use the opportunity to find a new energy supplier for your new home.
  • Market Trends: Look for changes in the energy price cap or seasonal promotions for the cheapest deal.

Best Time to Switch Energy Suppliers

Can Businesses Switch Energy Suppliers?

Yes, business premises can also benefit from switching. Comparing energy rates for your business premises can lower operational costs and improve cash flow. Fixed tariffs are often a popular choice for businesses seeking predictable monthly expenses.

Why Use the Energy Switch Guarantee?

The Energy Switch Guarantee ensures a smooth and hassle-free switching process. This program, supported by most major suppliers, promises:

  • No disruption to your electricity supply or energy supply
  • A switch completed within 21 days
  • Clear communication about your final energy bill

Frequently Asked Questions About Energy Switching

How long does the switching process take?

Switching to a new energy supplier typically takes 21 days or less, thanks to the Energy Switch Guarantee. Your new provider handles most of the process for you.

Will my energy supply be disrupted during the switch?

No, your energy supply will remain continuous. The switching process is designed to ensure no interruptions to your electricity supply or gas.

Are there fees for switching energy suppliers?

Some contracts include an exit fee for early termination. Check your current agreement to see if this applies. Most suppliers waive this fee if you’re switching at the end of your contract.

Can I switch if I have a smart meter?

Yes, you can switch suppliers with a smart meter. However, check if your new provider supports your meter’s functionality to ensure seamless readings.

Is switching worth it for prepayment meters?

Switching can still be beneficial for prepayment meter users, as some suppliers offer more competitive prepayment tariffs. Compare rates to find the best deal for your needs.

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Thinking about changing your energy provider?

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