Switch before the term and lose your discount?

sparky.shark

Hi All,

Is the discount that you see on the comparison sites based on staying with the supplier a year?
So if you moved supplier you would lose the discounts being offered. Do I have this all wrong?

I have compared the units and although there is a little saving its not very much!

Cheers.
Sparky

Quentin

The comparison sites usually show you how the discount is applied.

Some do it on a daily basis, and you get the discount off each bill, but you are right, others only give it as a lump sum credit on your account on its anniversary each year.

In that case if you leave before a 12 month anniversary, then you won't get the discount earned during that part year.

Terrylw1

The only exception tends to be if you move homes and the new home is already registered with them as some Suppliers will just move your discount between addresses/accounts and show no interuption. However, any gap in your Supplier being the biller to your property and you lose out as you have officially left them in their eyes.

Plushchris

As far as I'm aware its only really Npower that give you the discounts (£84) at the end of the year, Utilita have a £15 "loyalty" bonus thats paid anually too.

Apart from them I believe the other companies apply discounts quarterly.