Energylinx News

November 16, 2017

Energy switching numbers continue to go up

The amount of UK consumers switching energy supplier continues to rise, as more than 600,000 household's switched electricity supplier in October.

This marks only the second time switching numbers have reached more than 600,000 in a single month and it brings the number of people that have changed energy suppliers in 2017 to over 4.5 million.

2016 was a record year for people switching energy supplier, with a total of 4.8 million moving last year. 2017 looks like it is set to smash that amount.

Lawrence Slade, chief executive of Energy UK said:

"Switching continues to surge with over 600,000 customers changing supplier to find a better deal last month. Many more will have made savings by checking they are on the best deal with their current supplier. It only takes a few minutes to do this and with over 55 suppliers across the market, there's never been more competition or choice."

A third (32%) of those switching energy provider last month moved to small and mid-tier suppliers.

It is thought the Energy Switch Guarantee is having a positive effect on the market and is encouraging consumers to switch energy suppliers. The Energy Switch Guarantee is a promise made by participating energy suppliers that a customer's switch will be speedy, safe and secure.

You can find out how much you could save on your energy bills by using Energylinx's online comparison and switching service. On average our customers save £394.46*. If you would rather speak to one of our advisors then you can call 0800 849 7077.

*20% of all users over the last 60 days (17 Sep - 15 Nov) achieved a saving of at least £394.46.

Posted on November 16, 2017 at 11:21 AM