Energy switching figures ‘dive to one of the lowest levels this year’

Nearly 400,000 energy switches took place in August, a 20% dip compared to the same period last year, according to new research

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Energy switching activity in August dived by almost 20%, one of the lowest levels this year.

That’s according to a new report by ElectraLink, which estimates around 400,000 switches took place last month.

These figures made the month the lowest August since 2016 and the second-lowest month of the year so far.

Last month’s switches bring the year’s number of switches to 3.8 million, nearly 100,000 less than the same eight-month period in 2020.

ElectraLink’s analysts also suggest the increase in the price cap does not yet appear to have forced consumers to change energy suppliers.

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