How to change prepayment meter to a regular energy meter.
Switching from a prepayment meter to a normal credit meter can save you money on your fuel bills.
If your home has a prepayment meter, you may be paying higher prices for your fuel. You cannot switch to a different provider using a comparison site because the process is more involved (a new credit meter will need to be installed in your home). You may also need to pay a fee to have a new meter installed.
- First, contact your existing supplier to find out whether you can switch to a credit meter.
- Your supplier will run a credit check on you, then they will decide whether or not they believe you will be able to keep up with the payments.
- If you are successful, your supplier may charge you a fee to remove your prepayment meter and install a new credit meter. The process can take up to two to three weeks.
- If you are unsuccessful, you need to look at your credit history and make changes.
What do I do if I have been declined to change from a prepayment meter to a regular meter?
- Apply for your credit report. When it arrives, check it throughly. If you find any errors, write to the credit report company to advise them of any changes. Check to see who else is listed on your credit report, you can financially disassociate yourself from those listed by advising the credit report company in writing.
- Work out your monthly expenditure and make changes to it if you find you cannot live on what you earn.
- Never apply for more than four forms of credit in any given year.
- Ensure you are on the electoral roll.
- Look to reduce credit card amounts and pay off store cards where you can.
- Never apply for more than one hire purchase agreement at a time or take out two credit cards within a six month period.
- Pay your bills on time.