5 energy switching myths – busted!

Think you've got your reasons for not switching energy supplier? Here's the top 5 energy-switching myths busted...

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Switching energy supplier can save you pots of money. But lots of people have never done it because they think it’s a hassle and a headache. But it isn’t.

Here’s a look at five of the most common myths about the energy switching process.

YOU’LL NEED NEW PIPES AND WIRES!

No you won’t! There’s no need for any work to be done at your property or in the street outside. Same pipes, same wires.

YOUR SUPPLY WILL BE INTERUPTED!

No it won’t! Switching provider doesn’t mean the old one turns off the taps and the new one turns them on again. It’s a seamless transfer that won’t disrupt the flow of energy into your home.

MY NEW FIRM MIGHT GO BUST!

There’s a remote possibility that it might, but it’s highly unlikely in such a tightly regulated market. But even if it did, measures are in place to make sure your supply won’t be affected – another provider would step in to plug the gap.

I’LL BE TIED INTO A DEAL FOR AGES!

No you won’t! It’s up to you how long you choose a fixed deal for, 1, 2, or 3 years and you can choose them without exit fee penalties as well. But in any case you can always move supplier within 28 days.

IT’S NOT WORTH THE HASSLE!

Yes it is! There are big savings to be had from switching – up to £180 a year in many cases – and it should be a hassle-free process. All you’ll need to do is take a couple of meter readings.

So, if you’ve never considered switching because you think it’s a risky business that will cause disruption and strife, think again. It could be well worth your while. HAve a look on our energy channel to see if you can save money on your energy: www.moneysupermarket.com/gas-and-electricity/

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