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Supplier switching advice required

Chrisblue1962
Chrisblue1962 Posts: 1,203 Forumite
Part of the Furniture Combo Breaker
Hi all,

I am looking to switch from my current dual fuel supplier, Scottish Power, to alternative suppliers soon.

My last quarterly bill was for quarter ending 27/05/2014 so I'm expecting my next bill to be for quarter ending 27/08/2014.

Do I have any say to what the actual changeover to the new provider will be? i.e. from after 27/08/2014 or can I actually switch provider before 27/08/2014?
DFW'er - Lightbulb moment : 31st July 2009 - £18,499
28th October 2019 -
£13,505 - 27% paid off.
Demolishing my House of Debt.. one brick at a time!! :)
Thinking of spending???..YNAB says "NO!!!!"


Comments

  • matelodave
    matelodave Posts: 9,121 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 5 July 2014 at 7:30PM
    You can initiate the switch whenever you like but you can't specify on which day it will happen so you have to be careful if you are on a fixed tariff with a termination fee.

    The average time at the moment is about 4-6 weeks after you've applied to your new supplier

    The optimum time to do it is about three weeks before you want it to happen, you have a two week cooling off period before the suppliers start talking to each other and depending how organised they are the switchover can take another 1-3 weeks.
    It is supposed to be reducing to about 2-3 weeks (including your 2 week cooling off period) by the end of the year
    Never under estimate the power of stupid people in large numbers
  • Chrisblue1962
    Chrisblue1962 Posts: 1,203 Forumite
    Part of the Furniture Combo Breaker
    Thanks Matelodave.

    I'll work on 4-6 weeks timescale and take it from there. Many thanks.
    DFW'er - Lightbulb moment : 31st July 2009 - £18,499
    28th October 2019 -
    £13,505 - 27% paid off.
    Demolishing my House of Debt.. one brick at a time!! :)
    Thinking of spending???..YNAB says "NO!!!!"


  • keith1950
    keith1950 Posts: 2,597 Forumite
    1,000 Posts Combo Breaker
    Do I have any say to what the actual changeover to the new provider will be? i.e. from after 27/08/2014 or can I actually switch provider before 27/08/2014?


    As matelodave pointed out , if you are not on a fixed tariff with a termination fee you can switch whenever you want.

    However if you are subject to exit fees then don't switch until inside the last 3 weeks of the tariff. I mention this because my fastest switch did indeed take only 3 weeks to complete.
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