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1.5 million people have switched their electricity tariff so far in 2021, according to a new report from Energy UK.
The latest figures showed that a total of 650,000 people changed their electricity supplier in March – the second highest number ever recorded by Energy UK's monthly figures.
The number of electricity switches leapt by 42% last month as households found themseves facing higher energy prices and an impending rise to the energy price cap, which came into effect at the start of April.
The cheapest energy deal available through Uswitch today costs £1,023*, which is £115 cheaper than the current price cap level.
Will Owen, energy expert at Uswitch, said: "Millions of customers were staring down the barrel of price rises in March, and it's great to see that so many voted with their feet and moved to a better deal elsewhere."
"Providers were pushing up the cost of their energy deals in reaction to April's new price cap, but 650,000 electricity customers realised they didn't have to sit down and take it."
"There are 56 fixed plans coming to an end in April, meaning more than one million homes could see their bills rise by £244 on average as they are moved onto their supplier's default tariff."
"If you're still on a standard variable tariff, it's not too late to do a search online and see how much money you could save by moving to a fixed deal."
You can see the cheapest deals available through Uswitch in the table below:
Based on average bill sizes for a medium energy user on a dual fuel plan paying by monthly direct debit, and averaged across all regions. This information is updated hourly with energy plans which are available to switch to through Uswitch. To appear in this table, plans must be available in at least 7 of the 14 regions.
*Cheapest deal available through Uswitch on 26/04/21: OVO Energy Better Smart. Average cost £1,023.25 based on the average bill size for a dual fuel customer consuming medium energy usage as defined by Ofgem (2,900 kWh of electricity and 12,000 kWh of gas per year), paying by direct debit, with paperless billing. Prices averaged across all regions.