August 16, 2017
Shopping around for your gas and electricity supplier can cut your utility bills by around £300 a year and you don't have to be in a credit with your current supplier to consider switching energy suppliers. In fact, it could help make it easier to repay what you owe.
Repaying a debt and switching
The options if you are in debt:
• If you've been in debt to your supplier for less than 28 days you can still switch. Any owed amounts will be added to your final bill from your old supplier.
• If you've been in debt to your supplier for over 28 days, you'll need to repay the debt first.
• If it's your supplier's fault you're in debt, they can't stop you from switching.
If you're in debt and have a prepayment meter
The options if you are in debt and a prepayment customer:
• As long as you owe less than £500 for gas and £500 for electricity, you can switch to a new supplier if you are paying off an energy debt through a prepayment meter.
• You are entitled to do so through the 'Debt Assignment Protocol'. This would mean your new supplier takes on the debt and you repay them instead, based on the new terms of your agreement with them.
• Prepayment tariffs are usually more expensive, so you may want to ask about the different options available to you, including if you can change to a standard meter. Most suppliers offer this for free, though some may charge.
If you are thinking about switching your energy supplier and don't know where to start, our advisors will be happy to help you. Please call 01259 220 000. We also offer a free and impartial online switching service. On average our customers save £322.70*.
*20% of all users over the last 60 days (17 Jun - 15 Aug)
Posted on August 16, 2017 at 02:59 PM