New Ofgem switching figures show energy customers saved £957m in 2015
New figures published today by Ofgem reveal that 6.1 million domestic energy supply accounts were switched in 2015, up 15% since 2014. Commenting on the new data, Uswitch.com energy expert, Tom Lyon, says: “It’s great to see more people catching on to the fact that loyalty doesn’t pay. These new figures mean that consumers potentially saved almost a billion pounds last year, simply by switching to a cheaper deal.
“This is evidence that customers are getting fed up with high bills and poor service. The latest round of inadequate price cuts from the big six will do nothing to persuade consumers to stick with their current supplier, especially when there’s a £339 difference between the cheapest and the most expensive tariff.
“Any increase in switching will help boost competition in the market, which ultimately means that energy companies will have to work a lot harder to keep their customers.”
FOR MORE INFORMATION
Jason Wakeford
Phone: 0203 872 5612
Email: jason.wakeford@uswitch.com
Twitter: @UswitchPR
Notes to editors
Average saving per account (gas only/electricity only/dual fuel gas and electricity) of Switch.com customers during 2015 was £156.85 x number of accounts switched in 2015 (Ofgem figures) is 6,100,000 = £956,812,422.
About us
It’s all about “U”!
Thank you for indulging us over the last 20 years by using a small ‘u’ and a big ‘S’ when writing about our brand in your articles.
We are delighted to let you know that you are now off the hook - it’s big U’s all the way (and small s’s) as we undertake our biggest ever rebrand - so let your autocorrect go wild!
About Uswitch
Uswitch is the UK’s top comparison website for home services switching. Launched in September 2000, we help consumers save money on their gas, electricity, broadband, mobile, TV, and financial services products and get more of what matters to them. Last year we saved consumers over £373 million on their energy bills alone.
Uswitch is part of RVU, a new business that also owns Money.co.uk and Bankrate.
If you would no longer like to receive our press releases please email prteam@uswitch.com with 'unsubscribe'.