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If you need to cancel your energy contract, it’s important that you go about it the right way to minimise any possible hiccups and delays. We’ve outlined here in simple language what’s involved in cancelling your energy bill. You’ll see it’s a pretty straightforward process!
The first need you’ll need to do to cancel your contract is to contact your energy provider online or over the phone to let them know that you want out. Most providers will require at least three days notice. They will organise a final meter read and disconnection on the nominated date. If you have a smart meter all this can be done remotely making your cancellation super easy.
If you have a standard traditional analogue meter, you’ll probably require someone to physically attend your property. You’ll then receive one last electricity bill from your provider based on the final meter read, plus any extra fees for the disconnection.
Most of the retailers in Victoria, NSW, QLD and SA do not usually charge exit fees for residential customers. This can vary for larger commercial clients.
When cancelling your energy contract you’ll be charged a disconnection fee which is a fee that pays for the cost of disconnecting a property from the energy grid. Unlike an exit fee which is charged by your energy provider, a disconnection fee is charged by your distributor. Depending on your location the fee will vary and can cost anything from $10 to around $90.
If you’re switching energy providers (link to above page once site active) you’re generally given a 10 day ‘cooling-off period’ after switching. This means you’ll have 10 days to cancel your energy contact after signing up, without being bound the terms and conditions of the contract. Remember if your switching providers your new provider will contact your old provider to cancel your contract and organise the account to be transferred.
Please be aware that after cancelling your energy contract that you may be contacted by your provider at a later date to entice you to come back. This can be annoying and make your provider even appear ‘desperate’. However just be polite and hear them out (they may in fact have an amazing offer which is too good to say no to). If you’re not interested, just politely decline!