November 22, 2018
New figures from Energy UK has shown that 633,238 households moved to a new electricity supplier in October.
This is 3% more than October 2017 and brings the total number of switches to nearly five million (4,917,486) for 2018 so far - up 6% on this point in last year's record-breaking year for energy switching. 27% (167,817) of all switches in October went to small and mid-tiers energy suppliers.
Rising Energy Costs
Wholesale energy prices have risen by at least 30% in 2018, with Ofgem recently signalling that the price cap that has to take effect on January 1st, 2019 will likely to increase as soon as April 2019 if the trend in rising costs continues.
It's more important than ever that you look carefully at the energy deals that could protect you from further energy price rises. It only takes a few minutes to compare energy suppliers and switch to a cheaper energy deal. You can do it online or by calling one of our energy advisors on 0800 849 7077.
Confidence in energy switching remains high with 9 in 10 consumers happy with the process according to research from the Energy Switch Guarantee, an initiative that promises UK households a speedy and secure energy switch. If an energy supplier is covered by The Energy Switch Guarantee, then you will see the logo under in the results page of your comparison. This should provide you with extra confidence that the process will be simple, speedy and safe.
Lawrence Slade, chief executive of Energy UK, said:
"With such a wide choice of suppliers, you can also look for one which best meets your expectations on things like customer service or green tariffs. Ultimately the best way to keep bills down is making sure your home is as efficient as possible, so I would urge consumers to ask their energy provider about energy efficiency measures which are proven to keep bills down."
Avoid an energy price hike, compare energy suppliers now. Energylinx offers a free and impartial energy comparison and switching service. Compare energy suppliers online or by calling 0800 849 7077 and speaking to one our friendly advisors. We are open Monday - Friday 9am - 6pm and Saturday 9am - 3pm.
Posted on November 22, 2018 at 10:44 AM