Energy Contract Checklist 2026
How to switch electricity and gas correctly - and save up to 500 EUR per year.
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Your Switch Checklist
Preparation
- Know your current consumption (kWh/year)
- Note down meter number and reading
- Check cancellation period (contract)
New Contract
- Choose max. 12 month contract term
- Cancellation period max. 4 weeks
- Price guarantee at least as long as term
- No advance payment/package prices
- Check price in year 2 without bonus
Switch
- New provider cancels old contract
- Read meter on switch date
Important Contract Points 2026
Contract Term
Max. 12 months recommended. Longer terms only with very good price and price guarantee for the entire term.
Cancellation Period
Max. 4 weeks before term end. Longer periods are inflexible. Automatic extension max. 1 month.
Price Guarantee
At least as long as contract term. Watch out for "limited" guarantees (without taxes/levies).
Avoid These Traps!
- X Advance payment: Money lost if provider goes bankrupt
- X Package prices: More consumption = surcharge at normal price
- X Very long terms: Over 24 months is inflexible
- X Bonus focus only: Often expensive in year 2
Frequently Asked Questions
How long does switching electricity providers take?
The switch usually takes 3-6 weeks. The new provider handles all formalities including cancellation with the old provider. Electricity supply is always guaranteed.
What is a price guarantee?
A price guarantee fixes the energy price for a specific period (e.g., 12 months). Note: Taxes, levies, and grid fees can still increase - hence there are often 'limited price guarantees'.
Can I cancel immediately when prices increase?
Yes! When prices increase, you have a special right to cancel. You can cancel within 2 weeks of announcement to take effect on the increase date.
What happens if my provider goes bankrupt?
You automatically fall into the basic supply of the local provider - usually more expensive. Therefore, quick action and switching to a stable provider is worthwhile.
What should I watch out for with bonus payments?
Bonuses often have conditions: 12-month contract term, timely payment. Always compare the price in year 2 without the bonus.