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JustADudeBeingADood t1_ja7uzge wrote

Not too good to be true. The energy companies make the system just convoluted enough and bank on the average citizen to not bother switching suppliers.

Make the switch, it is pretty seamless. Put a note on your calendar whenever your contract will expire.

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jackmclrtz OP t1_ja7w2vy wrote

I'd give this comment an award if I had one lying around. Specifically, for the "put a note on your calendar" bit.
I am amazed at the number of people that don't know this little trick. I do this for everything: DL expiration, scheduling annual/bi-annual appointments, etc.

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Snoring-Moose t1_ja84z26 wrote

Personally I will be checking more often than end of contract. I did the change back in November and it's since gone down significantly. Someone said they check every three months or so. There are no downsides to changing suppliers (except your time to switch).

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brownstone79 t1_ja8pic5 wrote

Can you switch to another supplier before the contract ends? I’m looking to switch as well, but don’t want to get stuck with a rate for however many months when something better comes along.

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jackmclrtz OP t1_ja8s13t wrote

I have heard multiple times (including this thread) that you can switch without penalty. My understanding is that the "contract" is the suppliers commitment to that rate for that period.

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brownstone79 t1_ja8zzra wrote

This was what I was coming to understand as well. I was interested to see if anyone had this sort of experience, which is in keeping with the spirit of your post. Thanks for posting!

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4Impossible_Guess4 t1_ja8vr25 wrote

Depends if you have a cancellation fee in your contract, you can sign up for not fee contacts and most have this option.

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fprintf t1_ja8yoad wrote

Apparently it is now illegal to have termination fees, so really there is no reason not to switch when the price is going down.

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4Impossible_Guess4 t1_ja92ebs wrote

That's good, didn't know this. I still use no sign up/termination fee when filtering.

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4Impossible_Guess4 t1_ja8vkml wrote

I check end of month when I'm getting ready to do my mortgage. Every dollar helps.

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4Impossible_Guess4 t1_ja8vf8h wrote

They also have to send you/the payer a letter in the mail before your rate expires and goes to whatever the market rate currently is, but 100% calendar it!

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