Switching suppliers
Lesson 10 of 12 in our free Bills & Subscriptions guide: a 5-minute money game with the key points below.
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Questions you'll answer
A new deal saves £8 a month. Leaving your current fixed deal costs a £30 exit fee. Net saving over 12 months?
You rent and pay the energy bills directly. Can you switch supplier?
Quick facts
- Compare total yearly cost, not just the monthly headline → Do it. Totals expose the anchors.
- Check exit fees on your current deal → Do it. Can wipe out the saving.
- Give a meter reading on switch day → Do it. Final bill accuracy.
- Pick a deal because the advert had a cute mascot → Don't. Chip is flattered. Still no.
- Switch without checking the cooling-off period → Don't. 14 days to change your mind is useful — know it.