Switching to a different energy supplier is still perceived as 'hassle' by many consumers. In this blog, we list 8 facts and fables for you.
1. Switching is a hassle
Myth Choosing a new energy supplier does not have to take long at all. If you have your preferences clearly in mind, then you have usually arranged it this way. Of course, it is more work than staying with your current energy supplier, but it also provides you with something. Take a look at the next point! Click here to visit NZ power companies.
2. With a switch, you can save
Fact If you have never switched before, switching can save you a lot. If you switch again the following year, you may not save as much as the first time you switched energy contracts. After all, the difference between one cheap contract and another is not that big. But please note: if you do not switch again after a year, you will fall back into the so-called ' model contract '. This is the standard contract of your supplier, in which the variable rates are used. These are always a lot higher than the rates of a 1-year action contract. So if you do not switch again, you will suddenly pay more.
3. If I switch, I run the risk of being cut off from energy
Fable Switching is nothing more than an administrative act. Only things change on paper. So you do not run the risk of being cut off from electricity and gas.
4. There is a chance that my transfer will not go right the first time
Fact We are very honest about that; simple administrative actions sometimes go wrong. Fortunately, this happens in very few cases. So there is a chance that you might have to call your energy supplier once to put the finishing touches. Are you running into something? Then contact one of our energy experts.
5. A gadget as a welcome gift is a good deal
Myth Experience shows that you pay back a 'free' gadget twice and for all. The annual prices of such energy contracts are usually a few hundred euros higher than those of the cheapest contracts. In addition, you are often tied to the energy contract for several years, so you miss out on the benefits of switching annually.
6. A multi-year contract is always cheaper than a 1-year contract
Myth Unfortunately we cannot see into the future. It is therefore difficult to predict how energy prices will develop in a year's time. But in our comparator, 1-year contracts are often cheaper than multi-year contracts. Multi-year contracts are a risk for the energy supplier. To offset this risk, energy rates are often slightly higher than with 1-year energy contracts.
7. It is better to switch than opt for a customer discount with my current supplier
Fact Despite the fact that energy suppliers have recently placed an increasing emphasis on retaining customers, much more money is still spent on bringing in new customers. New customers, therefore, benefit from much lower energy rates and higher cashback discounts than existing customers.
8. When I switch, I always have to pay a cancellation fee
Myth This depends on the end date of your current energy contract. If that date is too far into the future, your current energy supplier may charge you a cancellation fee. The best time to switch is 8 weeks before the end of your contract. Then you can switch to any supplier free of charge.
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