There are plenty of myths about switching energy providers. In reality, once you start the process, your current and new providers handle almost everything for you. Here are four myths when it comes to switching gas and electricity providers.
Myth 1: It’s not worth switching – all energy providers charge about the same
Switching energy providers might seem like just another tedious task, but sticking with the same provider can cost you more in the long run. The energy regulator, Ofgem, has highlighted that many customers could save money by moving to a better deal with a different provider. Just like with many other services, new customers often get the best deals.
Myth 2: Switching energy providers takes forever
The only part of switching that’s on you is finding a new deal and applying for it, which can take as little as five minutes. After that, your current and new energy providers handle the rest. According to Ofgem, the whole process typically takes up to 5 working days. Not bad at all, considering you only need to start the process and let the experts take care of the rest.
Myth 3: My energy supply could be turned off during the switch
This is a common concern, but there’s no need to worry. Your energy supply won’t be interrupted when you switch providers. The energy itself will continue to flow as usual — the only change is the company that sends you the bill. Your new provider will handle the transition seamlessly in the background.
Myth 4: I’ll be charged twice during the switch
You may receive two bills during the month of your switch, but don’t panic. Both your old and new providers will use the same meter reading to open and close your accounts, ensuring you’re not charged for the same energy twice.
Bottom Line
When it comes to your energy supply, it’s up to you to ensure you’re paying a fair price. Since gas and electricity are the same regardless of who supplies them, it makes sense to pay as little as possible for them.
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