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When to change

Indout96
Indout96 Posts: 2,371 Forumite
Part of the Furniture 1,000 Posts Name Dropper Photogenic
Stupid question time
At the moment we are with EDF which has a cancellation charge of £60 our contract ends 29/02 and we are moving as have found a better deal
Should we start the new contract 29/2 or 1/3 to avoid the fee ?
Totally Debt Free & Mortgage Free Semi retired and happy

Comments

  • Robin9
    Robin9 Posts: 12,364 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You don't choose the date.


    EDF will write to you about 45 days before 29/2 (ie next week) - then you are free to switch without penalty.

    If you start the process now your new supplier takes control and will let you know date of the switch, when you should provide meter readings and date of the first DD (which may well be almost immediately)
    Never pay on an estimated bill. Always read and understand your bill
  • Indout96
    Indout96 Posts: 2,371 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Thanks, we have already got the email from them and also latest bill this week which does say no fee but when I put our details in USwitch it said we had the charge.
    I will get it sorted
    Totally Debt Free & Mortgage Free Semi retired and happy
  • Benight
    Benight Posts: 418 Forumite
    100 Posts
    Indout96 wrote: »
    Stupid question time
    At the moment we are with EDF which has a cancellation charge of £60 our contract ends 29/02 and we are moving as have found a better deal
    Should we start the new contract 29/2 or 1/3 to avoid the fee ?
    Indout96 wrote: »
    Thanks, we have already got the email from them and also latest bill this week which does say no fee but when I put our details in USwitch it said we had the charge.
    I will get it sorted
    My energy tariff is ending soon - when should I switch?

    In accordance with Ofgem regulations, you won't need to pay any exit fees to switch away from your energy supplier within 49 days of your plan ending....
    https://www.uswitch.com/gas-electricity/guides/energy-tariff-ending/
  • Swipe
    Swipe Posts: 5,390 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I wouldn't use uswitch as they no longer show you the tariff unit rates and standing charges for the companies they cannot switch you to. Instead, they just show you the annual and monthly cost for those.
  • Benight
    Benight Posts: 418 Forumite
    100 Posts
    Swipe wrote: »
    I wouldn't use uswitch as they no longer show you the tariff unit rates and standing charges for the companies they cannot switch you to. Instead, they just show you the annual and monthly cost for those.

    Detailed tariff information is showing for me :)

    Click on "more info"
    Scroll down in the resultant pop-up window
    At "Plan information Details including unit rates, standing charges and exit fees", click the box marked "View +"
  • Swipe
    Swipe Posts: 5,390 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Benight wrote: »
    Detailed tariff information is showing for me :)

    Click on "more info"
    Scroll down in the resultant pop-up window
    At "Plan information Details including unit rates, standing charges and exit fees", click the box marked "View +"


    Oh, yeah. It's working now back on the old web design layout. Maybe they had complaints.
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