October 12, 2017
It has been another bumper month for customers switching energy suppliers as 550,000 households moved energy companies in September, up 46% on the same month in 2016.
Consumer engagement in the market is booming with more than four million customers switching energy supplier in 2017, so far.
Energy industry regulator, Ofgem, released new research into the energy industry and it showed that consumer engagement in the market has increased from 37% in 2015 to 41% in 2017. It isn't only households that have switched before that are switching again, as in the last 12 months a third of switchers that changed energy suppliers did so for the first time.
The new research also showed that nine in ten energy switchers were happy with the current process of changing energy suppliers and over two thirds were more likely to switch energy suppliers due to the commitments of a simple, speedy and safe switch promised by energy suppliers as part of the Energy Switch Guarantee.
Lawrence Slade, chief executive of Energy UK said:
"The energy market is rapidly transforming as competition continues to flourish and the numbers of consumers engaging in the energy market continues to grow. Over half a million consumers switching suppliers in the space of a month, shows the scale of the growing momentum.
"There are great savings to be made either by checking with your existing provider or by switching to one of over 50 suppliers in the market - So our advice to consumers is follow in four million footsteps and make sure you are on the best deal."
Winter is almost here. Compare energy suppliers and see what you could save on your utility bills either through the Energylinx website or by calling one of our advisors on 01259 220000.
Posted on October 12, 2017 at 01:12 PM