There are numerous reasons why you may have decided not to switch your energy supplier.
One of the most common concerns is the penalty you believe you’ll be forced to pay if you leave your supplier prematurely, before your contract’s due to end.
Although such fears are not entirely unfounded, in the majority of cases, switching suppliers turns out to be much easier than you think.
Best Way to Avoid a Penalty? ALWAYS Read the Small Print!
The best and easiest way to avoid paying a penalty fee when leaving your energy supplier, is by reading the small print.
It may seem obvious, but you’d be shocked at how many homeowners sign on the dotted line-without scrutinising the terms and conditions beforehand.
Usually, flexible deals and standard tariffs are both penalty-free propositions.
The only ones to watch out for are cheaper fixed deals that last for a fixed period of time.
Overall, these are the ones most likely to have possible penalties attached.
However, penalty free deals are available, and are definitely worth looking into, if you are unsure about your future plans.