Q220 energy switching rates fall again: In the second quarter of 2020 the number of customers switching energy supplier has continued to fall.
Ofgem’s latest figures state, which suggest electricity transfers decreased between the second quarter of 2019 and the second quarter of 2020 by 13.1%.
Compared to 1,531,000 in the same quarter of 2019, the energy regulator’s data shows there were an estimated 1,331,000 transfers in the second quarter of 2020.
The second quarter of 2020 has the lowest number of electricity switches since the first quarter of 2018 when 1,190,000 customers changed energy supplier.
Gas transfers decreased by 20.7% energy switching trends also reveal, with an estimated 983,000 transfers taking place from April to June.
According to the report, June was also the month when most of the energy switches happened.
4.6% of the total customer base in electricity and 4.1% in the gas market switched, during the second quarter.
Q220 energy switching rates fall again