Two million customers change energy provider in switching tsunami

Big Six logo montageThe number of consumers switching household energy supplier reached a new high in June, with more than 360,000 people changing their provider.

This is a ‘staggering’ 58% increase from June 2014.

Over two million (2,323,694) customers have switched in the first half of the year,  which is almost one million (1,515,993) more than in the first six months of 2014.

The latest electricity switching data also shows 120,115 customers switched to small and mid-tier suppliers in June which is 33% of all switches for the month.

Lawrence Slade, Chief Executive of Energy UK, said: “It is great to see more and more customers shopping around over the summer months before winter hits. Over two million people have already switched supplier in 2016 and they have taken advantage of the fantastic deals offered by more than 40 suppliers.

“Since June 2014 the cheapest tariffs have fallen by over £200. There are now around 50 deals under £900 on offer. The new Energy Switch Guarantee – launched by the Industry last month – has made it even easier for customers to switch.”

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed