Energy switching up by 100k in February

Last month 100,000 more householders switched energy suppliers compared to January. That’s a 50% increase month-to-month, according to Energy UK. New data released by the trade body reveal 317,000 domestic […]

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By Priyanka Shrestha

Last month 100,000 more householders switched energy suppliers compared to January.

That’s a 50% increase month-to-month, according to Energy UK.

New data released by the trade body reveal 317,000 domestic consumers chose a new deal.  At least 25% of those switches in February were to smaller electricity providers.

The figure is nearly 70,000 higher than the same time last year and around 90,000 more than February 2013.

Energy Secretary Ed Davey said: “Our reforms to give people the power to switch are working – the number of people switching supplier and taking control of their energy bills is up. We’ve created greater competition in the energy market and halved the time it takes to switch supplier – making it easier than ever for people to shop around, switch and slash their bills by around £200 and in many cases more.”

Last month DECC launched a new ‘Power to Switch’ campaign to encourage people to shop around, switch and save.