Is your energy tariff ending?
Fixed price energy plans are a great way to get a good deal, but when they end, it is important to take quick action or you risk overpaying
When your tariff end date comes around, it's important that you take action or you could end up being rolled on to a much more expensive gas and electricity plan.
Suppliers are required by Ofgem (the energy regulator) to send you written notice about when your plan will come to an end 42 - 49 days before your plan's end date . This allows time to find and switch to a new plan before you're rolled on to your supplier's "standard" plan, which is often much more expensive.
Once you receive this letter, you are free to switch without penalty, even if the plan has early exit fees (cancellation fees).
While this may seem like plenty of time, you don't want to leave it to the last minute. While shorter switching times have been introduced, it still takes at least three weeks (two week "cooling off" period plus three days to switch) to switch suppliers.
It's worth noting that while the letter/email from your supplier will alert you to cheaper plans, these plans will only be the cheapest available from your supplier. That's why it's important to compare energy plans offered by other suppliers.
Here are a list of suppliers whose fixed tariffs are ending on 31 October:
- Coop Energy
- British Gas
- First Utility
- Extra Energy
- Affect Energy
- PFP Energy
- Sainsbury's Energy
Need help switching then contact us to see how we can help