Switching Gas/elec provider - too often?

pearl123

Hi,
I've only just switched to ovo and I notice I could save over £50 pounds by switching again. Is there such a things as switching too often?Could it affect a credit rating?
My previous switch pre ovo lasted a year.

macman

No, it has no impact on your credit rating if you are paying on time. However you may face exit fees if you leave Ovo while still in term, and this would wipe out your saving.All depends on your tariff.

pearl123

I'm paying on time and have no exit fees. It seems it's ok to move. It seems a bit strange doing so after such a short length of time.

macman

Most people review annually or at the end of their tariff term-but the market is currently very volatile, and further falls can be expected, so I'd wait at least until the new MSE Collective tariff is announced on 2/2.