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How To Save Money: Switch Your Electricity Provider

Times are tough these days and most people are looking for ways to save money.  Here is one very effective way to save your hard earned cash - switch your electricity provider to get a better tariff.

To switch electricity provider may seem a bit time consuming to do but it is quick and easy and will save you cash.

To show how straightforward the switch is, here’s the process if you switch with a comparison site such as moneysupermarket, although no doubt the process would be very similar if you used another switching provider. After confirming you wish to switch, moneysupermarket will email you to confirm the new electricity provider you’ve chosen, along with basic information about them such as their contact details.

At this point you’ll also be advised about your cooling-off period – in case you wish to change your mind.

Moneysupermarket will then send your request onto your new electricity supplier who will contact you in 7-14 days – usually by phone – just to make sure you want to switch, reminding you again of your cooling-off period.

Assuming you are going ahead you will now go through the transfer process.

In the vast majority of cases you will not need to be contacted by the provider during this time. Occasionally they will need to check something with you though and will make contact, usually by phone.

Your electricity provider will enter you into their system and send you a welcome letter which will confirm the electricity provider switch is going ahead, confirm your payment method – as you stated on your original switch request, advise the anticipated new provider start date and advise you if you need to send a meter reading.

Whilst going through the transfer process you may get a call from your existing provider. They shouldn’t attempt to win back your custom as this would be against industry guidlelines but they may still try.

If they do, this could be good for you but before making any commitment remember you can still check how this new tariff compares.

You should be aware that the only reason your existing electricity provider can prevent you switching is if you have an unpaid bill that’s more than 28 days old.

If all goes well the transfer goes ahead and about 4 weeks later you’ll receive your final bill from your existing provider. So there you go - you will then have changed to a cheaper electricity plan and you start saving money on your new tariff.

About the Author

So it is a good idea to switch electricity provider as it saves money. Visit MoneyHighStreet.com for other money saving ideas..