Switch Now or wait for end of current deal?

FreakShow!

My deal with Tonik Energy is up on the 18th February. As that's less than 50 days away, I am able to switch now, and according to Energy Club, I can save £95 over what I would have if I didn't switch.

I first checked the deals a couple of weeks ago, to start mulling over any decisions, such as smart meter installs etc. But when I checked today, a new deal had popped up from eon.

The question really is, should I switch now to Eon, or should I wait until the last few days of my current deal to switch, in case a better deal comes along?

whyigetmorelikes

I would also look at customer service reviews before making a decision. See what other's are experiencing.

wavelets

FreakShow! wrote: »

My deal with Tonik Energy is up on the 18th February. As that's less than 50 days away, I am able to switch now, and according to Energy Club, I can save £95 over what I would have if I didn't switch.

I first checked the deals a couple of weeks ago, to start mulling over any decisions, such as smart meter installs etc. But when I checked today, a new deal had popped up from eon.

The question really is, should I switch now to Eon, or should I wait until the last few days of my current deal to switch, in case a better deal comes along?

It will take at least 17 days for any switch to occur
£95 oncost over a year means means less than £8pm on average, so switching today rather than waiting may cost you about £4 extra. You can probably get £25 cashback from MSE for switching to Eon

Most importantly, prices are still rising, so if you see a deal you like, I would urge you to snap it up as it may not be available anymore in a couple of weeks time.

In the unlikely event a better deal does pop up, you can always switch to that.
If it happens within the next 14 days, you can cancel your application within your cooling off period.

grumpycrab

FreakShow! wrote: »

My deal with Tonik Energy is up on the 18th February.

I have reluctantly just left Tonik; they even stopped the Direct Debit soon after I started the transfer process! Does your £95 saving factor in Tonik's £50 incentive to stay with them? (check your account Renewals page). Their rise in tariff of 20% was just too high for me.
If your saving is £95 and this is significant to you, then I'd switch asap.

FreakShow!

I didn't know about the £50 incentive, no. I'm not sure if that's included in the MSE saving comparison. I'd assume not, though?

I've liked Tonik. I've built up a decent amount of credit with them, I get paid 3% interest on that, and when I phoned up a month or two ago to lower my DD they were happy and quick to do it.

I'm solely switching to stay on the cheapest tariffs.