Top 5 myths that homeowners think are true

Top 5 myths that homeowners think are true


Posted 16th March

Owning and looking after a home can be a tricky business. Where do you go for advice? Should you switch your energy supplier? How can you save money each month?

The energy industry is full of myths, so the Your Home team has teamed up with MoneySupermarket to debunk the most common energy myths and give you the best advice!

 

1. "I'll be left without gas or electricty during a switching process"

WRONG.

Energy suppliers don’t each have their own branded pipes or cables providing energy. In reality a switch is exactly that, a seamless transfer between suppliers that you’ll hardly notice.

 

2. "I'm renting so I'm not able to switch suppliers"

WRONG.

As long as the bill is addressed to you and you’re the one paying for it, you can change suppliers – but it is worth informing your landlord for their records.

 

3. "I've signed up to a fixed tariff, so I can't change to another deal"

WRONG. 

A fixed tariff means that the unit prices for gas and electricity won’t change for a set period of time – however, peace of mind can cost a little more. If you want to switch tariffs, you can, just watch out for exit fees!

 

4. "It takes way too much time to switch enery suppliers"

WRONG.

It can take just five minutes to switch! Just enter your postcode online and fill in your energy habits. You could save up to £250 a year for five minutes work.

 

5. "I have a pre payment meter so am unable to switch"

WRONG.

As long as you don’t have £500 or more debt on the meter you can switch. However, bear in the mind that the best deals are only available for people with credit meters.

 

For more information on switching your energy provider, head to www.moneysupermarket.com.






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