Energy switching on the rise

Energy switching continues to surge, with a 11% increase in October compared to the month before. New statistics from Energy UK reveal more than 600,000 customers took steps to save […]

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By Priyanka Shrestha

Energy switching continues to surge, with a 11% increase in October compared to the month before.

New statistics from Energy UK reveal more than 600,000 customers took steps to save money on their bills by switching suppliers last month.

That takes the total number of customers moving to different suppliers this year to more than four and half million.

A third (32%) of those customers in October moved to small and mid-tier energy companies.

Lawrence Slade, Chief Executive of Energy UK said: “Switching continues to surge with over 600,000 customers changing supplier to find a better deal last month. Many more will have made savings by checking they are on the best deal with their current supplier.

“It only takes a few minutes to do this and with over 55 suppliers across the market, there’s never been more competition or choice.”

Big Six suppliers SSE and npower today agreed to merge their domestic businesses to create a giant energy company.