December 18, 2017
Latest figures from Energy UK show that over 5 million customers have switched electricity suppliers in 2017, topping 2016's figure.
In November alone more than 475,000 households switched energy suppliers. This number is up 14% on the same period last year.
It is thought that the increase in consumers switching energy suppliers is, in part, due to more energy companies taking part in the Energy Switch Guarantee. SSE, OVO Energy and Utility Warehouse have now all signed up to the Energy Switch Guarantee, which means that over 90% of the market is now covered by the scheme. The Energy Switch Guarantee is an industry-led initiative through which companies' sign up to a series of commitments ensuring customer switches are simple, speedy and safe.
There is now more than 55 energy suppliers in the market and last month 24% of switches went to small or mid-tier energy firms.
Ofgem numbers estimate that, in addition to those switching supplier, double that number chnage to a cheaper tariff with their current energy provider. This means that in excess of 12 million households will have actively chosen the best deal for themselves by the end of 2017.
Lawrence Slade, Chief Executive of Energy UK said:
"Over five million customers have now taken action to lower their bills, topping last year's figure and showing how more and more people are realising how quick and easy it is to save money. If you have not done so already, spend a few minutes contacting your own supplier to find a better deal or switch to one of the 55 plus suppliers out there. It will be well worth the effort."
Tina Tietjen, Independent Chair of the Energy Switch Guarantee said:
"We're delighted to welcome three new major suppliers to the Energy Switch Guarantee. It means that even more customers can switch with confidence to suppliers of all sizes covered by the scheme, knowing the process will be simple, speedy and safe."
With so many energy suppliers taking part in the Energy Switch Guarantee and too many housesholds stuck on Standard Variable Tariffs, it's the right time to compare energy suppliers and see what you could save. Energylinx offer an impartial, online energy comparison and switching service. If you would rather speak to someone and see which energy supplier offers the best deal for you then call 01259 220000.
Posted on December 18, 2017 at 03:49 PM