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You can move to a new plan 49 days before your current plan ends without paying an exit fee. Your fixed plan will end on a set date, but you don’t need to wait until then to switch. It's a good option to lock in a fixed rate around the same as - or cheaper than - the rate you’re paying now to save more and maintain your peace of mind. This means that your bills could increase and you end up paying more for the same energy. Standard plans are often more expensive than fixed plans and normally are variable, meaning you have the risk that energy fees can go up or down. When your fixed plan comes to an end, it’s likely you’ll be rolled onto a standard plan. With a fixed rate tariff, the fee you pay per unit of energy, and the daily standing charge, are set in stone for the duration of the plan. Hi! If you’re on a fixed rate tariff, the date it ends is one you definitely need to put in your diary. Our video, which covers what you should do when your fixed energy plan ends, explains this in more detail. That's why it's important to compare energy plans with an Ofgem accredited site like Uswitch. While the notification from your supplier will alert you to cheaper plans, these plans will only be the cheapest available from your supplier. However, once your supplier knows you're switching they shouldn't roll you onto a more expensive tariff. Though shorter switching times have been introduced, it's worth noting that switching can take up to 21 days (including a two-week "cooling off" period) for suppliers that have signed up to the Energy Switch Guarantee. It only takes about 15 minutes to do and it's worth it." I'm so happy I took the time to do this and would STRONGLY recommend you do the same to save you some money.
#Why does my power plan keep changing plus#
They found me a great deal with a saving of £276 on what my old supplier offered, plus it comes from a renewable energy supplier. "I'm due to end my current contract with my current energy supplier and having received their new tariffs decided to try Uswitch.
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#Why does my power plan keep changing free#
Once you receive this notification and you are in the 42-49 day window, you are free to switch without paying any early exit or cancellation fees. Your supplier should notify you before your plan ends, allowing you time to find and switch to a new plan before you're rolled onto a "standard" plan, which is often much more expensive than a fixed tariff. In accordance with Ofgem regulations, you won't need to pay any exit fees to switch away from your energy supplier within 49 days of your plan ending. My energy tariff is ending soon - when should I switch?