October 4, 2018
There has been an increase in the amount of UK households switching energy suppliers over the summer, despite the record-breaking temperatures that were experienced across the country.
Energy UK has revealed that nearly 1.5 million (1,453,622) UK households switched their electricity supplier this summer (June-August).
During August there was just under half a million households (494,839) who switched energy supplier - up 11% on the same month in 2017.
2018 looks set to become a record breaker year for energy switches as the total number of electricity switches in 2018 is sitting at over 3.7 million. This is on course to beat last year's record figure of 5.5 million.
The latest research from the Energy Switch Guarantee shows that confidence in switching remains high with 9 in 10 customers saying that they are happy with the process. The Energy Switch Guarantee was created to provide consumers with confidence that switching is simple, speedy and safe.
Pamela Taylor, independent chair of the Energy Switch Guarantee, said:
"With more than 70 suppliers in the market there is more choice than ever before. Despite the recently announced price cap, switching tariffs remains the best way for consumers to get the best deals in the market. Look out for the Energy Switch Guarantee logo to find suppliers who will provide a simple, speedy and safe means to switch."
Lawrence Slade, chief executive of Energy UK, said:
"Despite record-breaking temperatures, it is great to see that nearly 1.5 million people have made a switch this summer.
"Competition is thriving in the energy market and ever-increasing numbers of customers switch every year - with a record 5.5million doing so last year. It is vital that these positive steps, which deliver benefits for customers, are not undone as a result of policy decisions with Ofgem's own impact assessment suggesting falls in switching of up to 40% as a result of the proposed price cap.
"We will be monitoring numbers closely and hope that consumers up and down the country continue to benefit from the competitive market."
Arranging a transfer to a new energy supplier is easy. You can do it online through the Energylinx website or by calling one of our friendly advisors on 0800 849 7077.
Posted on October 4, 2018 at 10:24 AM