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In February 2021 energy switching saw an 18% decrease

In February 2021 energy switching saw an 18% decrease: Compared to the same period February 2020, an 18% decrease in energy switching occured in February 2021. Figures imply that 457,447 customers moved to a new supplier in the last month, this is according to Energy UK’s figures. As of February 2020 it is compared to…
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Industry reacts to Ofgem’s changing price cap

Industry reacts to Ofgem’s changing price cap: Ofgem reported that from April, price cap will go back to pre-pandemic levels, because of changes in wholesale energy prices. The new cap will increase up to £96 on households’ bills. The industry responded. Cost of buying energy increased considerably Reacting to this morning’s price cap report, Energy…
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Gap amid cheapest energy fixed tariff & price cap narrows

Gap amid cheapest energy fixed tariff & price cap narrows: Research from Cornwall Insight’s ‘Domestic supplier insight service’ reveals the gap between the cheapest tariff on the market and the default tariff price cap has reduced to its lowest level since February 2019, standing at £219/year. This is 40% less than at the end of…
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Energy switching activity spiked in June

Energy switching activity spiked in June: For the first time since lockdown June saw a spike in the number of customers who switched energy suppliers. That’s according Energy UK in their the latest reported figures, which suggests a 1% increase from June 2019, some 450,000 consumers switched energy provider in June this year. Around three…
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Lockdown slows electricity switching rates

Lockdown slows electricity switching rates: There was less activity by consumers switching electricity suppliers during the lockdown. That’s according to the latest figures from Energy UK, which suggest more than 410,000 customers switched supplier in May, down by 15% compared to this month last year. The report also shows in the first five months of…
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