Switching suppliers

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hamer
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Switching suppliers

Post by hamer »

Hi,
Last October my energy supplier went bust and I was transferred over to Scottish Power by the regulator. If I want to switch to another supplier, do I have to pay a get out fee under these circumstances ?

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Rorschach
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Switching suppliers

Post by Rorschach »

No, if you are switched because your supplier ceases to trade you can transfer at any time with no exit fees. It is recommended you do transfer as you are likely to be put on a standard tariff which won't be cheap so you will want to find a new supplier/cheaper tariff.

It shouldn't be a problem now since it was October but don't switch until you have had confirmation from your replacement (Scottish power in this case) that the transfer was completed, otherwise you complicate matters significantly.

We are going though this exact process right now as our supplier went bust last month.
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hamer
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Switching suppliers

Post by hamer »

Thanks Rorschach, the switch to Scottish Power has been completed.

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Switching suppliers

Post by etaf »

Probably know this, BUT always look at the tariff info - rather than any saving mentioned, based on your current spend.
KWh & the dayrate is really the best way to compare, I have found that comparison sites do not always seem to use these figures and seem to base on £ spent. I have had a few quotes where the actual KWh & Dayrate was actually higher than my current fixed rate figures.
Gas Calc should be on the supplies site, calorific value etc. Details should be on the bill MINE is using Gas units used x calorific value (39.2) x volume correction (1.02264) ÷ 3.6. For imperial meters only (Cubic Feet) - You need to multiply the result x 2.83
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big-all
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Switching suppliers

Post by big-all »

also select" all off market" or "include switches we dont do"
this will include all options not just the ones they make money from
we are all ------------------still learning
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Switching suppliers

Post by Rorschach »

Moneysavingexpert cheap energy club is good to join, good info and up to date.
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Switching suppliers

Post by big-all »

Rorschach wrote:
Sat Feb 06, 2021 7:53 am
Moneysavingexpert cheap energy club is good to join, good info and up to date.
they also share around half the commission they get as cashback around 2 months later
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