Avoid the traps by shopping around for a better contract.
- F7 | UTILITIES - Market News
- Oct 13, 2015
- 1 min read
Does it pay to switch? Avoid the traps by shopping around for a better contract. You will need to know the name of your current energy plan and an estimate of your usage.
If you haven't kept your bills, or have recently moved and don't have access to the previous occupant's bills, you can ask for these details from your supplier.
Most variable tariffs will let you switch without a charge. But some fixed-rate deals and online-only offers might charge if you leave before the end of the term.
Negotiate
Even if you are locked into a fixed-rate tariff with an exit fee, you may be able to negotiate a better deal with your current supplier or elsewhere. Ring your supplier and ask whether it can make a counter offer. If not, check whether the saving from switching to a new supplier outweighs the costs.
F7 | Utilities.
