Say Goodbye to Lengthy Switching Times and Out of Contract Fees with Ofgem's Faster More Reliable Switching Service
The Ofgem scheme regarding Faster More Reliable Switching (FMRS) aims to streamline the process of switching energy suppliers so that it is faster, more reliable, and cost-effective. By implementing this scheme, Ofgem seeks to improve energy consumers' confidence in the market and their overall experience of switching suppliers.
Previously, switching to a new energy supplier could take several weeks, leaving customers vulnerable to paying higher Out of Contract prices. However, with the FMRS process in place, consumers are able to switch to a new supplier much more quickly - within 5 working days or less, as mandated by Ofgem from 18th July 2022. This ensures that those approaching their contract end dates or already Out of Contract can move to a new energy supplier without unnecessary delays and expenses.
Ofgem launched this FMRS programme in 2018 with the goal of creating a reliable and efficient switching process for both domestic and non-domestic meter points. While there were some initial challenges with implementation, the programme is now live, and consumers can switch energy suppliers with confidence.
If you're considering switching energy suppliers, Smart Energy Company has assembled a comprehensive guide on Supplier Processing Timeframes, which you can use as a reference.
Supplier | Minimum Registration Period for Acquisition Sales | Additional Info |
Avanti | 5 Working Days | |
British Gas Business | 2 Working Days | |
British Gas Lite | 5 Working Days | |
Clear Business | 5 Working Days | |
Corona Energy | 21 Calendar Days | |
Crown Gas & Power | 5 Calendar Days | |
Drax | 5 Working Days | |
Dyce | 5 Working Days | |
E.ON Next | 5 Working Days | |
EDF | 5 Working Days | |
Engie | 5 Working Days | |
Gazprom | 5 Working Days | |
Niccolo | 5 Working Days | |
Opal | 5 Working Days | |
Opus | 10 Working Days | |
OSSO Gas | 5 Working Days | |
Scottish Power | 11 Calendar Days | Acquisition sales are now accepted where the start date falls on a weekend |
Smartest Energy | 3 Working Days | |
SSE | 5 Working Days | |
Total Energies | 2 Working Days | |
United Gas & Power | 13 Calendar Days | |
Utilita | 7 Calendar Days | |
Valda | 5 Calendar Days | |
Yorkshire Gas & Power | 5 Working Days | |
Yu Energy | 5 Working Days | |
By embracing this new scheme, energy suppliers are incentivised to provide faster and more reliable switching processes to their customers. Ultimately, this benefits the consumer by reducing costs and providing a more efficient and positive experience when switching energy suppliers.
Require a quote for your business or want to discuss anything above? Feel free to get in touch
0151 459 3388 | info@smart-energy.uk
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