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First time buyer new to utilities

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metaldud
metaldud Posts: 38 Forumite
I get the keys to my first house on friday and was wondering if i could get some advice. Is it best to stick with the suppliers the previous owners were with or try somebody totally new. I only worry because i will be moving in on saturday and heard that sometimes suppliers take weeks to change over from one company to the next.

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  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    It does take weeks... You need to know your usage figures and you won't know them until you move in start using things so take meter readings and stay with whoever is the the supplier is. Take weekly meter readings then figure out what you use on an annual basis after some time 4 weeks maybe more then compare and switch. If you guessed at an annual usage now you could make an error in your estimates which could cost you more than simply waiting a little while.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • metaldud
    metaldud Posts: 38 Forumite
    ok so i have to sign up to the current suppliers for a while then? i am moving in from living at home for 26 years so i know nothing about this.
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You are in a deemed contract with the existing suppliers from the day you move in. Once you have registered an account with them then you can commence a switch immediately if you wish, it will take 4-5 weeks.
    Use a comp site to get the best tarifff, then switch using a cashback site.
    No free lunch, and no free laptop ;)
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