Energylinx News

July 18, 2018

Record amount of households are moving to smaller energy suppliers

During June, just under half a million (481,677) customers switched electricity supplier, with nearly half of these (46%) moving to small or mid-tier providers from one of the "Big Six" suppliers.

Figures from Energy UK show that a whopping 222,036 customers switched to small and mid-tier energy suppliers in June - the highest number ever recorded in a month.

Switching numbers continue to go up with 19% more customers changing energy supplier last month (481,677) compared to June 2017 (404,173).

2018 has seen more than 2.7 million customers switching energy supplier - more than this point in 2017 when 2.6 million customers had switched. 2017 finished a record breaking year with 5.5 million households moving energy suppliers.
Confidence in energy switching is also soaring - with nine in 10 saying that they are happy with the process according to latest research from the Energy Switch Guarantee, an industry initiative to provide customers with extra confidence in switching.

Lawrence Slade, chief executive of Energy UK said:

"The record numbers switching to small and mid-tier suppliers show that more and more customers are taking advantage of the ever-growing competition and choice out there. And, with suppliers of all sizes facing increasing cost pressures, which went up by nearly 15% over the last year according to Ofgem, it's a particularly good time to check you're on the best deal and consider ones that could fix your bills for the next year and beyond.

"It only takes a few minutes to either check with your own supplier or to look at what's on offer from nearly 70 competing suppliers in the market. With the Energy Switch Guarantee in place consumers should feel even more confident that switching will be simple, speedy and safe."

Wondering if you are paying too much for your energy? We provide a free and impartial energy comparison and switching service. You can either do this online or by calling one of our advisors on 0800 849 7077. The team are available Monday to Friday 9am - 6pm and Saturday 9am - 3pm.

Posted on July 18, 2018 at 01:31 PM