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Energy Advisory Service UK

Energy Consumer Advice. We advise, you save!

Is it a good idea to switch supplier at Christmas?

Is it a good idea or a bad idea to switch your energy supplier at Christmas time?

Santa with switching advice for Christmas

It can be a good idea to switch your energy supplier over the Christmas and New Year period. However, there are some things you should consider.

  1. How you normally pay for your energy.
  2. If you pay by Direct Debit, are you currently in credit?
  3. Does your newly chosen supplier charge in advance?

We’ll look into what this actually means, and see if it’s a good idea for you to switch supplier at Christmas time.

  • If you normally pay by Direct Debit, and you are in credit, it will take a few weeks before you get your money back. This depends on who your current energy supplier is. Some are quicker than others at refunding your money. If you were to switch to one of the new energy suppliers, you will be out of pocket straight away because they will take your first payment on day one of going live with them. You can still benefit from switching just now if you switch to one of the suppliers that don’t charge in advance. You can see those suppliers and their current tariffs here.
  • If you normally pay by quarterly bill, you won’t benefit from switching supplier unless you change over to Direct Debit. The energy suppliers offer a much better rate for Direct Debit customers. It would still be worthwhile switching to a cheaper online tariff, but bare in mind, you will receive a bill for the energy you have consumed up to the day of your switch being completed. As above, watch out for the suppliers who charge in advance.
  • If you normally pay by prepayment meter, you won’t be affected by how soon the suppliers take your money because you pay in advance anyway. You can just switch your energy supplier to anyone that’s offering a better price than you currently pay at any time. It’s worth your while making regular checks by doing a comparison every couple of months.

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Is it a good idea to switch supplier at Christmas?

Sitewide Notice:

Latest advice, there are currently no great savings to be made by switching supplier.

We will update this notice when decent savings become available.

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