Saving an average of £400 per year is a sweet and regular occurrence for those that routinely switch their Gas & Electricity supplier.
Only, most of us don’t make the switch, we stick with the same-old and swallow the ludicrous rip-off rates, allowing our bank accounts to cough up blood and mucus!! *slaps forehead*
An Energy Switching Service will search the market to find the best energy deal for you, so you benefit from the best available tariff, and they’ll manage the entire switch for you.
“Auto-switching” is an additional feature (which many standard “switch” services DON’T provide), which enables them to automatically re-switch you onto the best tariff after your fixed term ends, ensuring that you are always on the cheapest deal.
All you need to do is sign-up once to an auto switch service, and that’s it. They take care of the rest. Over and over again.
How Energy Comparison & Auto-Switching Services work…
- Sign up to an energy comparison/auto-switch website ONCE.
- Enter the details of your property and current tariff(s).
- Allow their algorithm to search the market for better deals than your current one.
- Once a better deal is found, you can review and confirm the switch.
- Once the deal ends they’ll re-switch you onto the best tariff for your given energy usage – you don’t need to do anything. If it’s with a new supplier, your details will automatically get passed onto them, so you won’t need to supply your personal information again.
Depending on which auto-switch service you use, they will either automatically switch you onto a better tariff, or they will notify you by email before switching. In either case, you will typically have a 14 day cooling-off period to cancel any switches.
That’s the gist of it, anyways.
Service | Rating | Features | Cost | Avg Saving | |
---|---|---|---|---|---|
Switchd![]() | Rating TrustPilot Reviews | FeaturesHow 'Switchd' worksSwitch Process & Frequency
Market Coverage
*Average Savings
**Free or Paid Plan explained
| Cost **Free | Average Saving *£400 | Visit Website **Discount Code: PIPLANDLORD |
MoneySuperMarket Energy![]() | Rating TrustPilot Reviews | FeaturesHow 'MoneySuperMarket Energy' worksSwitch Process & Frequency
Market Coverage
*Average Savings
| Cost Free | Average Saving *N/A | Visit Website |
Switchcraft![]() | Rating TrustPilot Reviews | FeaturesHow 'Switchcraft' worksSwitch Process & Frequency
Market Coverage
*Average Savings
| Cost Free | Average Saving *£268 | Visit Website |
Please note, I try my best to keep the information of each service up-to-date, but you should read the T&C's from their website for the most up-to-date and accurate information.
I recommend looking at the FAQ section of each switch service to determine how they manage switches, some of them slightly differ from one another. For example, some companies check for better deals once a year, while others will do it more regularly.
I want to switch energy suppliers, but what about exit/cancellation fees and penalties?
To summarise:
- Energy supplier exit fees (cancellation or leaving fees) are applied to fixed-term energy tariffs with a fixed price and contract end date. If a customer wants to switch energy and leave your provider before the end of the contract, an exit fee could apply.
- Nearly two-thirds of all energy tariffs don’t have exit fees,
- The highest energy exit fee in the UK is £100 per fuel by Engie – that’s £200 for both gas and electricity.
- If you’re on a fixed-rate tariff (a fixed monthly fee and an end date) check your contract for details or information about exit fees.
- Those on variable tariffs won’t have to pay an exit fee