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When to switch from fixed contract

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innovate
innovate Posts: 16,217 Forumite
10,000 Posts Combo Breaker
My existing fixed term contract ends on February 3, and I will change supplier but I want to avoid paying a termination charge.

Seems I cannot specify an earliest date for a switch to another supplier (most probably Sainsburys) - so what's the collective wisdom on when to apply for the switch?

Comments

  • victor2
    victor2 Posts: 8,104 Ambassador
    Part of the Furniture 1,000 Posts Name Dropper
    Initiate the switch 10 working days before the end of the current contract, as that is usually the cooling off period, during which time the new supplier will not contact the current supplier to tell them you're leaving.
    Even though it typically takes 4-6 weeks to switch, the period of time you'll have on the current suppliers standard tariff, after your fixed one ends, won't really cost you that much more than it would have done on the new tariff.

    I’m a Forum Ambassador and I support the Forum Team on the In My Home MoneySaving, Energy and Techie Stuff boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. 

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  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Any time after 10/1 should be OK-about 3 weeks ahead. A switch will take 4-5 weeks.
    No free lunch, and no free laptop ;)
  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    Really annoying that it doesn't seem to be possible to specify a 'not before' date for the switch. If the date is too far in the future for the new supplier, they can say so and decline to accept the application. They clearly don't want to make switching easy and transparent for the consumer.

    Anyways,many thanks for your tips, victor2 and macman - I'll leave my application for a couple of weeks.
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