At the end of the switch period?

vigman

Hi

Even if moving from BG for gas and SE for Electricity to the switch offer 'dual fuel BG' goes smoothly, what happens at the end of the one year contract period?

Could it be like ISAs that when the end of the offer period comes you are put on the worst tariff?

TIA

Vigman

DonnySaver

Yes, you will no doubt be put on their Standard Tariff.

Best to start searching just under 2 months before your deal period is due to come to an end.

footyguy

vigman wrote: »

Hi

Even if moving from BG for gas and SE for Electricity to the switch offer 'dual fuel BG' goes smoothly, what happens at the end of the one year contract period?

Could it be like ISAs that when the end of the offer period comes you are put on the worst tariff?

TIA

Vigman

Presumably you have already signed up to the CEC, so you should receive an alert as soon as another tariff beats the one you are on (subject to a trigger level you set), even if mid-term.

If, you've set the end dates correctly, you'll get an alert then too, as the CEC will assume you have done nothing, in which case the supplier will indeed put you onto their standard variable tariff (which is often their most expensive tariff)

However, 49-42 days before the end of the fixed tariff, the supplier will contact you and tell you that your tariff will be coming to an end, will almsot invariably offer you something to replace it with, or will consfirm what will happen if you do nothing. This is also the time they will consfirm you can switch supplier without incurring any early exit fee.

So, if you haven't done anything by then, that is the time and signal to hit the comparison sites again and find once again the best deal for you

ASavvyBuyer

Even if you are on a fixed deal it is worth checking every few months if there is anything better around. Don't just leave it until the end of the fix.
Also, it is worth signing up for the various collective auctions (not just the MSE one) as sometimes it can be worth switching part way through a fixed deal because a collective offer is better; but always take into account exit fees. There are quite a few collective auctions that you can sign up to at the moment that are mentioned in other threads.