Switching Energy Providers - Choosing Start Date

AmyTa

Hi All, sorry for the newbie question, but I couldn't find anything similar in search.

I'm on a fixed tariff for 12 months with E-ON that ends at the end of next month. I used the switching tool on MSM, and found a cheaper alternative. 

However  there was no date to select this starting from  so I abandoned it as I didnt want to pay E-ON fees to switch out of the 12 months.

I just wanted some advice on whether that was correct, as I was under the impression I was making an immediate switch.

In these instances, do you wait until the day your fixed tariff ends to make a switch?

Any advice welcomed 🙏

FrugaiMacDugal

From MSE, 

You can't be charged exit fees if you've 49 day or less left on your fix

Under Ofgem rules, suppliers can't charge exit fees in the last seven weeks of fixed-term deals. So if you're near the end of a fix, you won't have to pay a fee to leave it and move to a new tariff or supplier– provided you start your switch within the last 49 days of your current deal.

Link.

AmyTa

FrugaiMacDugal said:

From MSE, 

You can't be charged exit fees if you've 49 day or less left on your fix

Under Ofgem rules, suppliers can't charge exit fees in the last seven weeks of fixed-term deals. So if you're near the end of a fix, you won't have to pay a fee to leave it and move to a new tariff or supplier– provided you start your switch within the last 49 days of your current deal.

Link.

Oh, I didnt know this! Thank you so much, I wish I knew this the first time around too, but thats really helpful 🙏

silvercar

If the new tariff is more expensive than the current one, it will make sense to delay starting the new tariff until your current deal runs out. 

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I will move this to the energy board. @AmyTa

Notepad_Phil

silvercar said:

If the new tariff is more expensive than the current one, it will make sense to delay starting the new tariff until your current deal runs out. 

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I will move this to the energy board. @AmyTa

I'd say it 'may make sense' or 'will probably make sense' rather than a definite 'will make sense' - a lot could happen between now and when the current deal ends, so it's not a certainty that the tariffs available at that time will be anywhere near as good as they are now - though the OP sounds as though they might not be within the 49 day period yet so should probably wait before making any calculations.