July 14, 2016
In June 360,000 households switched their energy supply - a massive 58% increase on the same month in 2014. In 2016 so far, more than two million customers (2,323,694) have switched energy suppliers, which is almost a million more than switched their energy supply in the first 6 months of 2014.
The latest electricity switching data also shows 120,115 customers switched to small and mid-tier suppliers in June which is 33% of all switches for the month. Lawrence Slade, Chief Executive of Energy UK, said:
"It is great to see more and more customers shopping around over the summer months before winter hits. Over two million people have already switched supplier in 2016 and they have taken advantage of the fantastic deals offered by more than 40 suppliers. Since June 2014 the cheapest tariffs have fallen by over £200. There are now around 50 deals under £900 on offer. The new Energy Switch Guarantee - launched by the Industry last month - has made it even easier for customers to switch."
In June 2016, of all switches:
• 43% were between larger energy suppliers
• 33% were from larger to small and mid-tier energy suppliers
• 14% were from small and mid-tier to larger energy suppliers
• 9% were between small and mid-tier energy suppliers
Posted on July 14, 2016 at 03:00 PM