Switching energy providers can be a great way to save money or find a plan that better suits your needs. However, it’s essential to be well-informed before making the switch.
Before You Switch: The Essential Checklist
- Understand the Plan Details: Obtain a Basic Plan Information Document or a written summary of the new plan. This document outlines crucial details like the tariff (pricing structure), contract length, fees, and any available discounts.
- Cooling Off Rights: Familiarize yourself with your cooling-off rights. This period allows you to change your mind about the switch within a specified timeframe, usually a few days, without penalty.
- Exit Fees: Check with your current retailer to see if you’ll incur any fees for leaving your current plan before the contract ends.
- Potential Price Changes: Understand the circumstances under which prices on your new plan can change. Find out if any price increases are already scheduled.
- Concessions & Assistance: If eligible, explore whether you qualify for any concessions or assistance programs to help with your energy bills.
- Payment Options: Inquire about the available payment options. See if the retailer offers flexible billing, such as monthly payments.
Making the Switch Easier with WiseList
WiseList simplifies the process of comparing energy plans and switching providers. Our platform allows you to:
- Compare Plans: Easily compare different energy plans from various providers to find the best fit for your needs and budget.
- Streamline the Switching Process: Once you’ve chosen a plan, WiseList can handle the switching process for you, saving you time and hassle.
After the Switch
- Immediate Confirmation: You’ll typically receive a confirmation email from our energy comparison partner, confirming your new energy plan details.
- Changeover Timeframe: The actual switch to your new retailer will happen at your next meter reading. This can take up to three months. If you’d like to start sooner, ask your new retailer about an early meter read, but be aware there may be a fee.
- Final Bill: Expect a final bill from your old retailer, which will indicate any outstanding balance you need to settle.