New data released by the Department of Energy and Climate Change (DECC) shows that the volume of consumers who switched to a new supplier in the second part of 2013, has dropped as low as 2%.
The news comes at a time when many households have seen their bills rise due to their fixed price deals coming to an end.
Households missing out on ‘longest deals ever’
The Daily Mail reports that many people who are failing to compare and switch providers are in danger of missing out on the best deals.
Labour leader Ed Miliband announced last week that he would freeze energy bills should his party win the 2015 general election, with a 20-month cap being promised.
However, a number of energy providers are already offering deals that could see prices fixed until 2017.
npower’s Price Protector March 2017 allows customers to save £79 per year on the predicted price of bills in the next four years. Meanwhile, EDF and Scottish Power are also offering to fix deals until the start of January 2017, with the former potentially saving consumers £71 per year.
Customers are sceptical about energy providers
Despite a recent BBC survey claiming that 63% of people have found themselves obliged to cut their energy consumption for financial reasons, the Daily Mail cites recent mis-selling scandals as a reason for people not opting to switch.
Earlier this year, Ofgem said it was investigating a number of companies for mis-selling deals, with SSE facing a fine of more than £10.5 million for the “prolonged and extensive” mis-selling of energy to consumers.
However, the Daily Mail warned that anyone who doesn’t fix or move their bills to a cheaper plan could be in danger of facing severe price hikes.
Price rises are expected this winter. It is thought customers will face rises of around £142 on their bills, with experts stating a 5 to 10% rise as the worst case scenario this year.