Switching Utilities, Explained
Switching energy, broadband or mobile is one of the quickest ways to save money — here’s what to check before you do.
Energy
Fixed tariffs lock your unit rates; variable tariffs move with the Ofgem price cap. Check exit fees before leaving a fix early.
What to check
- Exit fees on your current fix
- Standing charge as well as unit rates
- When the price cap next changes
Broadband
Out-of-contract broadband is expensive. Prices usually jump when your minimum term ends — diarise that date.
What to check
- Mid-contract price-rise clauses
- Actual speeds at your postcode
- Total cost over the contract, not the intro price
Mobile
Once your handset is paid off, a SIM-only deal is almost always cheaper. Text PAC to 65075 to keep your number.
What to check
- Annual CPI-linked price rises
- Roaming charges post-Brexit
- Coverage where you actually use your phone
Good to know
14-Day Cooling Off
By law, you have 14 days to change your mind after agreeing a new utility contract.
No Service Interruption
When switching energy or broadband, your new provider normally handles the switch with no gap in service.
Switching is Free
You should never pay a fee simply to switch supplier — only watch for exit fees on fixed contracts.
Free to Use
Everything on FinanceLand is free. We do not sell switches or take commission on utility deals.