We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Switching energy provider and cancellation charges

dezza
dezza Posts: 191 Forumite
Part of the Furniture 100 Posts
We're currently on a tariff with British Gas which charges a cancellation charge if we leave before the 31st of December.
After doing a price comparison on various websites, I've found that there are quite a few cheaper tariffs, including one by the same provider.

As it takes around a month or longer for transfers to go through, do I have to wait until the new year to start the process, or can I arrange the transfer now, as the live date probably won't be until after 31/12?

Thanks in advance :)
"Kids respect landlords. I think it's the keys."

Comments

  • dogshome
    dogshome Posts: 3,878 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi dezza - The actual date of the transfer is dictated by the provider you are transferring to, but some of the providers have caught up with the transfer Date/Cancellation charge problem and allow you to opt for a "Not before this date" switch - Watch you timing as BG may transfer you to another timed contract if you don't respond to their "Your contract is ending" notice.

    The whole switch process is designed to be virtually hands- free so far as the customer is concerned, which is fine till it goes wrong and you as the customer have to sort it out.
    Your new provider will at some point contact you and ask for your meter readings, and also tell you the switch date.
    At this point you should exert some control
    by writing a joint letter to both the old and new providers, confirming the meter readings and date of the switch, and also if you have gas, your type of meter, ie Metric or Imperial

    This effort won't actually guarentee the entire Switch going without a hitch, but if it does go wrong, you have your rear covered and can sit on the side lines whilst the two providers argue it out
    Good Luck
  • dezza
    dezza Posts: 191 Forumite
    Part of the Furniture 100 Posts
    Hi dogshome, thanks for your quick reply :)
    Maybe it might be best to wait until after the contract end date to start - we had quite a few problems switching from Southern Electric to BG in the past with meter readings and a few other things, and I definitely don't want to pay £30 to move, nor be forced to be tied to another BG contract!
    "Kids respect landlords. I think it's the keys."
  • dezza wrote: »
    I definitely don't want to pay £30 to move, nor be forced to be tied to another BG contract!
    It would be against contract law to transfer you into a scheme with exit penalties without your permission.
  • dezza
    dezza Posts: 191 Forumite
    Part of the Furniture 100 Posts
    EDF did try that once when we cancelled outside of the contract period.
    I'd rather be safe and avoid paying the £30 exit penalty on my existing contract.
    "Kids respect landlords. I think it's the keys."
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.