Energylinx News

September 13, 2017

Energy Switching Numbers Soar

New data released by Energy UK has shown that the number of households that have switched energy supplier this year has already surpassed the total amount of customers who switched in the whole of 2014.

Nearly half a million customers (444,653) arranged an energy transfer in August 2017 - 30% more than the same period in 2016. Taking the total number of customers switching energy suppliers in 2017 to nearly three and a half million - surpassing the total number who switched for the whole of 2014 (3.4million).

Customers are benefiting from having a larger choice of energy suppliers, with over 50 energy companies currently in the market. Last month nearly a quarter of all switches (111,932 customers), moved to small and mid-tier suppliers from the larger suppliers.

This follows new data from the regulator Ofgem, revealing that the numbers of customers on standard variable tariffs has fallen by nearly one million in the last six months, following increased activity from energy companies to engage with their customers.

Lawrence Slade, chief executive of Energy UK said:

"The UK energy industry is changing, and at a rapid pace. To see switching increase by nearly a third - an increase of more than 100,000 customers on the same time last year, shows that progress is being made. This is on top of many more customers moving to better deals with their own supplier, a sign of the continued efforts of suppliers to engage with their customers to ensure a fair deal for all.

"There are a record number of companies to choose from, and deals which could save you hundreds of pounds so our advice to consumers is check your deal today - you could save in no time at all."

If your fixed price energy tariff is coming to an end or you're currently on a standard tariff then Energylinx could save you money on your energy bills. Use our free and impartial online energy comparison service or call one of our advisors on 01259 220000. On average our customers save £395*.

*20% of all users over the last 60 days (15 Jul - 12 Sep) achieved a saving of at least £395.14

Posted on September 13, 2017 at 02:14 PM