Press release:

Switching increases by 10% during July

Commenting on the latest figures from Energy UK, which show a 10% year-on-year electricity switching increase for July, energy expert Rik Smith said:

“This is a significant increase in switching levels, driven by the huge number of fixed deals which came to an end in July this year after energy suppliers announced a string of price rises during the summer of 2018.

“As 64 fixed deals expired, households were determined to avoid a £96 million price increase by being rolled onto poor value standard deals[1]. Instead people shopped around in their droves, proving once again that energy customers cannot be taken for granted by their suppliers.

“But if you received a message from your supplier saying your plan was ending and then heard that the price cap level was going down, don’t be caught out. You can find tariffs over £300 a year cheaper than the maximum allowed under the energy price cap, by spending just a few minutes shopping around[2].”

— ends —

Notes to editors

  1. Source: uSwitch data
  2. Default tariff cap from 1 October 2019: £1,179 per year. Cheapest tariff available as at 19 August 2019 £846 (Outfox the Market, “One Variable 6.0”). Assumes household with medium annual consumption on a dual-fuel tariff paying by monthly direct debit.

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