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Avoiding ETC's

dude89
dude89 Posts: 191 Forumite
in Energy
I dont know if this is illegal or just immoral, but i have on a few occasions managed to avoid ETC's by just telling the company that i am moving abroad. They then close the account with no ETC's and my partner then opens an account at the address while we switch companies. Therefore i am able to take advantage of any better deals that come out and any good cashback offers.

No company i have been with so far, (BG EDF and EON) have charged an ETC when moving out but am not sure with the other companies.

Is there anything illegal about this or is it just a good loophole?

Comments

  • backfoot
    backfoot Posts: 2,700 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    If your supplier increases price you can change Supplier without incurring ETC's.

    I prefer the truth to dishonesty in my financial dealings.
  • dude89
    dude89 Posts: 191 Forumite
    backfoot wrote: »
    If your supplier increases price you can change Supplier without incurring ETC's.

    I prefer the truth to dishonesty in my financial dealings.

    I am aware that you change due to a price increase. (Good work on getting that sorted as well :money:)

    But do you know if there is actually anything they can do to stop you doing this?
  • backfoot
    backfoot Posts: 2,700 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I am not sure as I am no expert on fraud. It sounds like you are making a declaration which is blatantly untrue for financial gain.

    If you don't think it is dodgy you wouldn't have asked the question.

    I wouldn't risk a criminal conviction for any amount never mind a few pounds.
  • DirectDebacle
    DirectDebacle Posts: 2,045 Forumite
    edited 8 December 2011 at 2:48PM
    dude89 wrote: »
    I dont know if this is illegal or just immoral, but i have on a few occasions managed to avoid ETC's companies.

    Is there anything illegal about this or is it just a good loophole?

    Don't you mean evade? [STRIKE]Ben[/STRIKE] Best ask a solicitor or the police.
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    they are not stupid, the systems create records and if you do give false information hope they dont cifas you
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • backfoot
    backfoot Posts: 2,700 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    DirectDebacle wrote: »
    Don't you mean evade? [STRIKE]Ben[/STRIKE] Best ask a solicitor or the police.

    Head in the clouds.;)
  • backfoot
    backfoot Posts: 2,700 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    dude,

    It may be better to hand yourself in and confess.;)
  • backfoot
    backfoot Posts: 2,700 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    chanz4 wrote: »
    they are not stupid, the systems create records and if you do give false information hope they dont cifas you

    Yes, especially as the posting record shows that the OP is probably a Energy Company employee. :eek:
This discussion has been closed.
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