If you’re one of the many people who’s thought about switching energy suppliers but are held back by the fear of dealing with current arrears, this post is for you. We’re going to unravel the process, clear up any misconceptions, and help you understand exactly what happens when you decide to switch suppliers.
Can You Switch If You Have Arrears?
The simple answer is yes, you can switch energy suppliers even if you have arrears. However, as with most things, there’s a bit of a catch. The ability to switch largely depends on how much you owe your current supplier.
What If Your Arrears Exceed the Limit?
If your arrears exceed the limit set by the Commission for Regulation of Utilities, you’ll need to clear your debt with your current supplier first. This might seem daunting, but it’s important to remember that most utility companies are willing to work with you to establish a repayment plan. So, before you completely rule out the possibility of switching, it’s worth contacting your current provider to discuss your options.
What Happens If Your Arrears Are Below the Limit?
Now, if your arrears are below the limit set by the Commission for Regulation of Utilities, that’s great news! In this scenario, your new energy supplier will handle the transition for you. They’ll contact your old supplier and arrange the switch on your behalf. Once everything is settled, you will receive your final bill from your old supplier, which will include any remaining arrears. The process is quite straight-forward and designed to be as stress-free as possible.
Taking the Next Step
The key takeaway here is that having arrears shouldn’t automatically deter you from exploring other energy options. If you’re unhappy with your current supplier or think you could get a better deal elsewhere, it’s worth investigating. Just be sure to fully understand your current financial situation and the potential implications of a switch before you commit to anything.
Remember, the most important thing is to choose an energy supplier that offers the best value for your needs. Don’t let the fear of arrears stop you from making a switch that could potentially save you money in the long run.
Follow us @dolphinutilities for more information and tips on dealing with utility suppliers and managing arrears. We’re here to help you make informed decisions about your energy supply.