More than two million customers are now buying their electricity from small suppliers, according to new figures from Energy UK. More than one million of those gains took place in the last 12 months.
Latest figures show that since November around 100,000 customers every month have moved to smaller providers. July saw 96,866 households move to small suppliers – 42.95% of overall switches. Electricity switching across the sector has remained strong with more than 225,000 households moving each month.
Angela Knight, Chief Executive, Energy UK – which represents the Big Six, and other energy suppliers – said: “Energy switching is now an established fact of life even though we are in the middle of summer when people normally take a bit of a break from shopping around for new suppliers and deals.
“About a quarter of a million customers a month are continuing to switch and more and more are taking advantage of the range of choice available to them. The number of people moving to small suppliers has remained high and these companies have now gained a strong foothold in the market.
“Companies across the sector, big and small, are fighting hard to win customers. There are plenty of options out there so customers should continue to compare tariffs and make sure they are on the best deal for them.”
UK Energy Minister Ed Davey commented: “We have almost trebled the number of small suppliers since 2010 and our reforms are making it easier and quicker for people to switch energy suppliers – around 2 million consumers have switched to independent suppliers since 2010.
“Households could save £200 a year or potentially more by switching supplier, and we encourage all consumers to shop around for the best deal for their energy bills.”