Planning to switch power providers but don’t know where to start because you hate going through so many processes? Sorry to let you know but you’ll have to face that part of your life in order for your mind to be at peace. Comparing prices is stressful especially if you find out that the rival company is a billig strømleverandør, but sooner or later, you’ll have to face it and slowly accept it and maybe decide if you still want to pay for something expensive that you feel is unfair.
Experiences from homeowners who have switched have been bad to relatively better because they now have more knowledge with the electricity contract that they have. Being meticulous is not always annoying, it’s just making sure that everything is in its proper place and you want your money to be spent on something worth it. There are step by step processes that you have to learn depending on the power provider that you have. It might be time consuming and mentally draining but you’ll pull through.
Do you need to pay for “Exit Fees”?
As mentioned above, it usually depends on the provider and contracts that you are in right now. Exit fees are common especially if you are tied on that contract for example, a year. If you are only a few months in, you’ll incur a fee for cancelling on your plan but that’s just fair since you have already agreed to it and it is supposed to last a whole year. The good news is that all suppliers should now allow you to leave up to 49 days ahead of your tariff’s end date without incurring an Exit Fee.
What you will need to start switching power providers
You’ll need to know your postcode in order for you to know if you are billed correctly in the location that you are currently in. You also need to know the name of your plan (just check on your monthly statement). You have to find out how much you spend (you can see this on your recent bills or the annual statement sent to you by your provider). If you have compared and made up your mind that you want to switch, you will need your bank account if you want to pay by direct debit (this is optional but most people use their cards instead of sending checks or paying by cash).
No recent bill on hand?
No problem because you can still compare and switch plans by using websites that can calculate the best options for you based on the details that you have filled out on their ‘forms’; just simply select “No” when asked if you have your bill with you. These websites or apps will provide you with the latest deals and the tariff details are also available because they will want to make sure that you know all the important stuff first before deciding that you want to switch.
You know that you are already an adult if you are already comparing electricity deals and power providers. This is just one step and it means that you have passed the term ‘adulting’. It’s not so bad once you have embraced it because surely, there will be more to come.