Over 415,000 consumers switched in February
Competition working for more and more customers as figures up a fifth on January. The latest switching data, published by Energy UK today, reveals 419,599 customers switched electricity supplier in February, the highest number in this month for the past three years and an increase of 21% on last month.
There was also an increase in the number of customers switching from larger to small and mid-tier suppliers which represents 27% of switches or just over 110,000. The introduction of the Energy Switch Guarantee, which now covers 70% of the market, means it is simple, safe and speedy to switch.
Lawrence Slade, chief executive of Energy UK said:
“These ever-increasing switching numbers, alongside twice the number of existing customers making a tariff change with their existing supplier, demonstrates that competition is working for more and more consumers. If customers are unsure if they are on the best deal, check either by speaking to their current supplier or one of the 50 suppliers active in the market”.
Notes to editors:
- To see the latest monthly switching stats, please visit Energy UK’s website.
- Around 70 per cent of the market are signatories of the Guarantee. This includes: British Gas, Bulb Energy E.ON, EDF Energy, First Utility, Flow Energy, npower, Octopus Energy, Sainsbury’s Energy, So Energy and Tonik Energy. For more information about the Guarantee: www.energyswitchguarantee.com
- The switching data is supplied by Electralink who provides a secure service to transfer data between the electricity market participants. The company operates the Data Transfer Network (DTN) which underpins customer switching, meter interoperability and other business processes critical to a competitive electricity market.
- The data referenced in these reports is since our collection of data only