Monday 22 February 2016

More than six million energy switches last year

An increasing number of consumers are shopping around for the best energy deal.

New figures from Ofgem show there were more than six million energy switches last year.

That’s a 15% rise – or more than 820,000 - compared to 2014, with more than 40% of these to independent suppliers.

Earlier this month Energy UK revealed small and medium sized energy firms gained more than 107,600 electricity customers in January.

Rachel Fletcher, Ofgem Senior Partner said: “It’s encouraging to see switching at their highest levels for four years. With more than 30 suppliers active in the energy market and hundreds of pounds of savings to be made, it’s a great opportunity to shop around.

“Whether customer service, price or both is what’s most important to you, remember you always have a choice. If your energy company isn’t up to scratch, vote with your feet and walk away.”

The regulator’s ‘Be an Energy Shopper’ campaign suggests consumers can save around £200 on their bills by switching to a different supplier.