The best times to switch energy
There is no definitive ‘best time’ to switch your energy supplier. Instead, the best time to switch your energy supplier will come down to numerous factors which we’ll lay out clearly for you below.
Before your fixed contract period ends
If you’re on an energy tariff that can expire after a certain length of time, you’ll want to switch away from it before it ends. If you wait until your fixed period ends, you will be put onto your supplier’s default tariff, which is usually the most expensive one they have to offer.
When prices are expected to rise
Monitoring wholesale energy prices takes effort, but if you see they’re expected to rise, you should look to switch your tariff to one that protects you from price hikes. However, you should only be concerned about price rises if you’re on a variable energy tariff.
If you are on a variable tariff and speculation has it that wholesale energy prices are set to increase (and thus your price-per-unit will also), look to switch to a fixed energy tariff. Fixed energy tariffs offer a set price for energy for the entire duration of your contract, protecting you from any energy cost increase.
As winter approaches, we recommend switching to a fixed energy tariff if you aren’t already on one.
Moving away from a variable tariff in the warmer months could ensure you get a great fixed-term deal before the colder nights creep in, helping you save money throughout the winter months.
If you’re on a variable tariff, it might be a shock to the system when your energy usage increases two-fold due to the change in season, so be sure to be proactive before it’s too late.
When you move into a new home
When you move into a new home, you’ll automatically be put on the property’s current supplier’s most expensive default tariff. Look for a better deal with the current supplier or look to completely switch away altogether for a better-priced deal.
If you switch as soon as you move in, you’ll have to wait around 21 days for the change to take effect, so you’ll have to pay at least one bill with the current supplier.
If your living arrangements change
If your children have finally flown the nest or if you’re recently retired, you might be considering switching energy suppliers. Adjusting to a new way of life might mean how and when you use energy changes, which might lead to you choosing an energy deal that suits these adjustments best, such as an Economy 7 tariff, for example.
If you want to save!
The truth is, any time can be a good time to switch your energy supplier.
You can change your supplier at any point during the year, you don’t have to have a specific reason to start shopping around for a better deal.
You could join thousands of energy consumers saving up to £461* a year!
How long does it take to switch energy suppliers?
The Energy Switch Guarantee that the majority of suppliers have signed up to, states it should take no more than 21 days for your energy switch to be complete.
I’m ready to switch! How does it work?
Luckily for you, we’re here to do all the hard yards for you.
You simply enter your postcode on our main page to get started, enter some energy-usage details and we’ll compare some of the best value-for-money energy deals on the market right now. After that, it’s up to you whether or not you switch.
If you find the perfect deal and decide to switch, we’ll contact your existing energy supplier and get you changed over without any interruption to your current energy supply.
Want to know more about how to change your energy supplier before you go ahead and do it? Check out our guide to set some facts straight.