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Should I cancel my deal?

bartman
bartman Posts: 325 Forumite
Part of the Furniture 100 Posts Combo Breaker
As my EDF dual fuel deal expired on 31st December, I looked around to see which the best switch would be, and decided on the Scottish Power Online Fixed Price Energy April 2013 Offer. I duly signed up for it online through Simplyswitch for £40 cashback.
Within days the 5% cuts on gas prices began, and I now see that Scottish Power have hopped on board!
I am still at a very early stage, I have not been given a swtchover date, in fact Scottish Power haven't yet told me that they have contacted EDF, so if I wanted I could presumably pull out of it. I can't work out what would be for the best. I will be paying 5% over the odds until April next year, my annual gas cost is something like £450 to £500, is it going to be best to ditch the new deal in the hope of being better off with something else?
Is anybody else in this situation?

Comments

  • t0rt0ise
    t0rt0ise Posts: 4,496 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Scottish Power will tell EDF 15 days after they are notified that you have signed up. I signed up through uSwitch and they were given my application a couple of days later so 15 days after that EDF were informed. If you can't cancel completely they may allow you to change tariff. Ask them.
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