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Ask Jenni: How Easy Is It To Switch Energy Suppliers?

Slashing Expenses

switching energy providers

Hi Jenni

I’m looking for ways to save money in 2019 and I saw your Instagram post about switching energy suppliers. How easy is this to do? I work long hours and don’t really want to book time off work to let the new energy company in to switch the pipes or wires or whatever. My energy bills seem expensive compared to other flats in my building but I’m wondering if it’s worth the hassle? Will I have to tell my landlord? The bills are in my name but is she likely to be annoyed if a lot of work needs doing? Should I just find a different way to save money?

Sam, 30, Leeds

 

Good news, Sam! Switching energy providers is a lot easier than you think and you won’t have to have any pipes or wires changed. All suppliers use exactly the same facilities to supply the energy to you home and there’s no need for any work to be carried out on your home.

You also won’t notice any change in your electricity or gas supply during the switch-over and at no point will your energy supply stop.

In fact, for most people who switch, the process is absolutely effortless. Once you’ve decided who to have as your new energy provider, you simply need to get in touch with them to create your account and they’ll start the switching process for you.

Since you pay the bills yourself and they’re in your name, you have every right to switch supplier. I’d recommend telling your landlord before you switch, but I doubt she’ll have a problem with it.

My experience of switching energy providers…

I recently switched from British Gas to Bulb, after my bills suddenly rose from £36 a month to a whopping £158 a month. I’ve written about this in greater details here. Thankfully I had some savings that could be used to pay off the money, but I was fuming that British Gas increased my bills so suddenly. I called to ask why they couldn’t have introduced a more gradual increase, but the member of staff I spoke to was really unhelpful. That’s when I decided to switch!

I can’t emphasise just how effortless the switching process was. I used a friend’s Bulb referral code to create my account, the account was open within a matter of minutes, and I received £50 referral credit which made my first month of energy completely free.

If you’d like to switch to Bulb too, copy the following link and paste it into your search bar and you and I will each earn £50 energy credit. http://bulb.co.uk/refer/jenniferh9028

 

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The Drudgery Of Having To Switch For A Better Deal »

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About Jenni

Hi! I’m Jenni, a personal finance writer and freelance journalist on a mission to help people be better with money.

Tired of counting down the days until payday? No idea where your money disappears to each month? Eager to save a deposit against the odds?

Take a look around. You’ve come to the right place.

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Instagram post 2278464580048202578_43786404 SHOULD YOU ASK FOR A MORTGAGE HOLIDAY? This post is likely to be most helpful for homeowners, but some tenants may find it interesting too
Over the last few weeks 'mortgage holidays' have been talked about widely on TV and social media, but they've also been misrepresented. I've seen a lot of people arguing that if their landlord gets a mortgage holiday, they should automatically get a rent holiday
Although I'd love to see financially-comfortable landlords letting struggling tenants live rent-free for at least a couple of months, as I'm about to explain, the last thing you want is for their mortgage holiday to be passed onto you
Basically, if your lender agrees to give a homeowner a mortgage holiday, this means that mortgage repayments won't need to be made for a specified period of time. Basically, it's like your mortgage is put on pause
Unfortunately, the missed payments will need to be paid back eventually. This is likely to mean that once the mortgage holiday is over, the homeowner's mortgage repayments will increase
Let's imagine you usually pay £350 a month. Your lender may agree to a 3 month mortgage holiday, meaning you won't have to pay anything until July. But when your repayments resume, you may have to pay £370, £400, or even more than that each month
The exact amount will depend on a number of things such as the lender's terms, the amount of debt you have, and the period of time you'd like to spread the missing payments over
Not only will most homeowners be expected to pay back the missed payments eventually, they'll also have to pay more interest too
Basically, a mortgage holiday isn't as fun and rewarding as it may sound. Essentially, you're just taking on more debt
If you're really struggling to make ends meet at the moment, a mortgage holiday may give you some much-needed relief while your finances are overstretched. But please remember this isn't 'free' money & if your financial circumstances haven't drastically changed as a result of COVID-19, you'll probably be better rejigging your budget so that your mortgage repayments continue to be a top priority
Hope you're all doing as ok as can be♥️
Instagram post 2277711389056691794_43786404 Exactly, @themoneyshed 👏
Now is not the time to scold or berate people for not already having an emergency fund. Simmer down with the "I ToLd yOu sO" silliness because it's unhelpful & unproductive 
Not everyone's financial circumstances have been negatively impacted as a result of coronavirus & there are people out there who would be wise to put money away for the future - especially when our social lives have taken a hit & we can't spend on restaurants, nights out & holidays etc
But most of those without emergency funds are without emergency funds for good reason. it's unlikely to be any easier for them to save now than it was before
We're all doing the best we can & our past selves could never have imagined how drastically our lives could change as a result of this crisis. We didn't see it coming & we're not to blame for not doing more to safeguard our finances
Instagram post 2277285289320014036_43786404 Guess who's got herself a flatmaaaaate! That's right... me!
Today I said goodbye (for now) to my bedroom and moved into the spare room to make way for a lodger
My shift at work tonight was a weird one because I just kept thinking: "there's someone in my flat and it ain't me!" When I got home, my flatmate's door was open so I went over to say hello and to see how she'd gotten on unpacking
Mate. Our girl is COMFORTABLE! 😂 I was only in work for 4 hours and in that time she's fully made the room her own. It looks so much cosier than before. The picture above is from last year FYI
Getting a lodger has been a nerve-wracking process, made even scarier by everything that's going on at the moment
But I'm very aware how lucky I am that this is even an option for me. Put it this way: I'm getting paid to have a flatmate rather than paying to be a flatmate, and I don't think you can get much more fortunate than that
Instagram post 2273370311017044694_43786404 My heart bleeds for them
Instagram post 2273347738203854773_43786404 I know this picture was probably created with toxic relationships in mind, but it's relevant right now too, don't you think?
Mother's Day flowers didn't sell very well at work on Sunday and I think it's because people were choosing not to visit their mums
We've got mums and dads fresh out the hospital, introducing their own parents to their newborn babies through living room windows 
We've got couples in long distance relationships who are having to wait even longer than originally planned before they can see each other
And then we have all the travellers that are still stranded abroad due to repeatedly cancelled flights and the people back at home who miss them 💔
Right now I'm trying to figure out how I can teach my mum to download and use Houseparty when we're not in the same room as one another 📸picture reposted from @secondsapart
Instagram post 2272672653391592536_43786404 'snitches get stitches' no longer applies
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