March 12, 2018
The latest switching figures from Energy UK show that over 660,000 customers transferred energy supplier in February - the highest monthly switching number every recorded and a 60% increase on February 2017.
With February being the shortest month, the record number means that nearly 24,000 households arranged an energy transfer every day last month. So far in 2018, over 1 million customers have switched energy suppliers.
Competition in the energy market continues to grow as more households choose to leave the "Big Six" energy suppliers to go to a small or mid-tier energy suppliers. They accounted for 130,000 (one fifth) of all energy transfers arranged throughout February.
Confidence in energy switching is also high with 9 in 10 customers happy with the process according to the Energy Switch Guarantee. The Guarantee, which now covers over 90% of the retail market, is a series of commitments to ensure switching is simple, speedy and safe.
Lawrence Slade, chief executive of Energy UK said:
"The energy market has never been so competitive and it's great to see record numbers of consumers engaging in the market to get a better deal.
"Customers can make big savings by joining the millions who've found a better deal - through either checking with your existing supplier or choosing from over 60 suppliers on the market. And with the Energy Switch Guarantee in place, consumers can be sure that the process will be simple, speedy and safe."
Energylinx offers a free and impartial switching service. You can arrange a transfer online or by calling one of our friendly energy advisors on 01259 220000.
Posted on March 12, 2018 at 12:12 PM