Energylinx News

April 24, 2018

Almost Half a Million Energy Switches in March

Just under 1.3 million customers have switched energy supplier in the first three months of 2018, with 474,235 switching electricity suppliers in March alone. This is on the back of a record-breaking February but is down on the switching figure of 536,658 recorded for March in 2017.

The figures shows that the number of customers switching energy suppliers during the first quarter of 2018 saw a small dip from 1.3 million in 2017 to 1.29 million this year.

Small and mid-tier energy suppliers continue to make gains on the "Big Six" with a quarter of energy switches in March were taken from large energy suppliers to smaller ones.

The Energy Switch Guarantee says that confidence in energy switching is high, with 9 in 10 customers happy with the process. The Energy Switch Guarantee is a voluntary industry initiative to provide additional consumer confidence in switching. The Guarantee, now covers over 90% of the retail market and is a series of commitments to ensure switching is simple, speedy and safe.

Lawrence Slade, chief executive of Energy UK said:

"Finding a better deal can save customers a lot of money. Either checking with your existing supplier - or seeing what's on offer from over 60 suppliers on the market - is well worth the effort. And with the Energy Switch Guarantee in place, consumers can be sure that the process will be simple, speedy and safe."

April has seen three of the "Big Six" energy suppliers announced an energy price increase; British Gas, EDF Energy and Scottish Power. If you are a customer of one of energy suppliers then now is the time to find a cheaper tariff. Energylinx offers an Ofgem accredited energy comparison and switching service. You can do it through our website or by calling 01259 220000.

Posted on April 24, 2018 at 02:47 PM