In debt to EDF but can i switch?

mark_steps

At the moment i owe EDF about £160. Now my question is, can i move even with this devt to another company? Obviously i would do a price comparison then use quicdo or topcashback.

Is it worth moving the now or should i wait? Im on blue price freeze march 2017

macman

Normally they only block a switch if you have arrears in excess of £200. However they will expect you to clear the full arrears on receipt of your final bill: once you cease to be a customer they will not want to offer you any more free credit.
PS: you need to distinguish between a debit on the account and actual arrears.

System

mark_steps wrote: »

At the moment i owe EDF about £160. Now my question is, can i move even with this devt to another company? Obviously i would do a price comparison then use quicdo or topcashback.

Is it worth moving the now or should i wait? Im on blue price freeze march 2017

A couple of things to consider - me thinks. Firstly, you could stay with EDF and change tariffs without penalty. Secondly, you could initiate the switching process and assuming that the debt is not long-term then EDF will just bill you for the amount due - which you would have to settle. I cannot think of any energy company that will allow you to take the debt with you. I suspect that this not what you mean.

Before doing anything, it is probably worth giving EDF your latest meter readings and you will get an idea in a couple of days what your final bill will look like. Once you start the switching process, it is up to the gaining supplier to take matters forward.

Finally, you ask about doing nothing. A debt - or balance owing - at this time of the year is likely to result in higher DD payments as most users enter a Winter period in credit . Whether it is sensible to be on a 2 1/2 year fix only you can judge.

spiro

The key point is do you have a credit or PPM, if CR you get a final bill which needs to be paid, if PPM you can a debt of up to £500 with you and pay it to the new supplier. This is called the Debt Assignment Protocol which OFGEM want suppliers to more actively promote.

MoonbowDerby

Yes you can. We're still in debt to them and managed to switch a few months back. The company you're switching to will decide if they're happy to (Scottish Power were fine with it and we've got a larger debt than you) and you can arrange repayment either directly with EDF or through your new supplier. I would pay it off as quickly as you can though, EDF have been known to really muck about with people on their debts (one of the reasons they left).

macman

I know of no arrangement whereby the incoming supplier will collect debts on behalf of the outgoing supplier.

spiro

macman wrote: »

I know of no arrangement whereby the incoming supplier will collect debts on behalf of the outgoing supplier.

It only applies to PPM customers and is called Debt Assignment. The process can be found here http://www.mrasco.com/mra-products/mra-agreed-procedures and read MAP13. There is a equivalent for gas.

macman

OK, but the OP is on a credit meter, as on EDF Blue Price Freeze March 2017.