4th August 2014
A massive two million households have turned their back on the UK’s big six energy providers and opted to find a better deal with one of their smaller rivals a new report has shown.
The research as reported in the Mail on Sunday suggest an average of 100,000 customers have swapped their big energy provider for an independent company every month since June 2013.
The data shows that the speed at which consumers have left the so-called ‘big six’ behind accelerated at the end of 2013 as negative publicity surrounding energy costs soared.
According to the Mail on Sunday’s report, more than 1.4million homes to turn their backs on the Big Six which include EDF Energy, E.On, Npower, British Gas, SSE and ScottishPower – by the end of last year.
Commenting on the numbers, the energy industry trade association, Energy UK said: “Figures show people are taking advantage of competition in the energy industry by switching supplier. There are now more than 20 suppliers that customers can chose from. We encourage people to shop around to make sure they are on the best tariff for them. We are making it quick and easy to switch supplier so people can readily compare one tariff with another.”
In June, the energy regulator, Ofgem launched its biggest ever industry investigation by referring the UK’s power sector to the competition watchdog, the Competition and Markets Authority (CMA), It is expected that the CMA will publish its conclusions by the end of next year.