May 17, 2018
Energy UK's latest electricity switching figures show that almost half a million customers (498,197) switched energy supplier during April - a 4% increase on March.
2017 was a record-breaking year for energy switching with 5.5 million customers moving energy suppliers. It looks like 2018 will bring more of the same, as the number of households who have switched energy supplier was sitting at just under 1.8 million at the beginning of May.
As the number of customers switching energy suppliers increases year on year, so do the gains made by small and mid-tier suppliers with a quarter (23%) of customers moving from larger suppliers to these providers.
Confidence in the process of switching energy suppliers remains high with nine in 10 customers happy with their switch according to the Energy Switch Guarantee (ESG). 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:
"Almost two million customers have already switched supplier this year. Calling your supplier - or having a look online to see if you're on the best deal - is one of the quickest ways going to potentially save yourself hundreds of pounds a year. 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 energy comparison and switching service. Customers can compare energy suppliers on our website or by calling one of our energy advisors on 01259 220000.
Posted on May 17, 2018 at 11:08 AM