It’s a simple fact – you can save up to £300 a year on your electricity and gas bill by switching providers. However, only a quarter of Brits have opted to save on their energy, thinking that it’s not worth the hassle.

 

This couldn’t be further from the case. In fact, the process of switching energy providers is quick, simple, and can be done without any annoying installations or breaks in your energy supply.

 

It all starts with a quick search on a price comparison site like WeTrust.

 

Who Can Switch Energy Providers?

Regardless of whether you’re a renter or a homeowner, you’re within your right to switch energy providers. As long as the bill you receive is in your name, it’s considered your responsibility and therefore it’s your right to make the switch.

 

If you’re in debt to your current supplier, you’re still allowed to switch if:

 

• You’ve been in debt for less than 28 days
• Your prepaid meter is less than £500 in debt.

 

What Tariff Should I Choose?

For most people, a Fixed Rate Tariff is your best bet. Government research has shown fixed rates are cheaper by around 10%, making them the top choice for most UK households.

 

What is a Fixed Rate Tariff?

A fixed rate tariff is where your chosen energy provider locks in and guarantees the price of your energy over a 12-18 month period.

 

During this time, you’re committed to a specific provider and will be charged an exit fee if you decide to switch again. After the fixed rate contract is finished, you can compare energy suppliers and switch again.

This type of tariff is designed to protect you from energy price increases, but if you start using more electricity, your monthly costs will naturally rise.

 

What is a Variable Tariff?

A variable tariff is where the prices of your energy go up and down with market costs. This can be great when energy prices fall, but hit you hard when they rise again.

 

Most suppliers have a Standard Variable Tariff as their default pricing plan. If your previous contract expired and you’re on this tariff, you should be able to switch providers with no exit fees.

Energy Comparisons are Quick

Unlike comparisons for car insurance, you don’t have to fill out a long form to get quotes. For the quickest, easiest quote, just enter your name and postcode. It’s that simple.

The Information You’ll Need:

• Your postcode
• The name of your current provider (on your electricity bill)
• An up to date meter reading
• The name of your current provider (on your electricity bill)
• Your Meter Point Access Number (MPAN) or Meter Point Reference Number (MPRN) (on your electricity bill)

 

How the Switch Works

The switching process usually takes around 17 days to fully process. Don’t worry, you don’t have to do anything during this time, and you’ll have uninterrupted energy. The companies liaise with each other and agree a switchover date, meaning you won’t pay twice. During the first 14 days of the switching process, you are fully within your rights to change your mind and stick to the same provider.

 

No one has to come to your house to change cables or install pipes – everything stays the same and your energy supply remains uninterrupted.

 

Check Once a Year

We recommend using a comparison site once a year to quickly compare your energy providers. Gas and electricity is a monthly cost, and just like you check any subscription service, it makes sense find the best deal out there.

 

If you think you could be saving money on your energy bills, check out other providers in your area with WeTrust home energy now. We’re a 100% impartial and unbiased price comparison site focused on transparency and delivering our customers the best deal possible.

 

See if you could save in seconds. Run your search now.