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Switching soars despite sweltering summer | Energy UK

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Switching soars despite sweltering summer | Energy UK ​ Members AreaSearch The voice of the energy industry HomeAboutPolicyCustomersEnergy IndustryMedia & CampaignsPublications EventsMembershipContact HomeMedia & Campaigns2018Switching soars despite sweltering summer Switching soars despite sweltering summer 01 October 2018. Energy UK’s latest switching figures reveal that nearly 1.5 million (1,453,622) customers switched electricity supplier over the summer months (June-August), despite record-breaking temperatures wideness the country. Just under half a million customers (494,839) switched in August 2018, up 11% on the same month last year. This takes the total number of electricity switches in 2018 to over 3.7 million, well on undertow to write-up last year’s record icon of 5.5 million.Convictionin switching remains upper with nine in 10 customers saying that they are happy with the process equal to latest research from the Energy Switch Guarantee, an industry trust mark to provide consumers with conviction that switching is simple, speedy and safe. The Guarantee - which is a voluntary set of commitments made by signatories to switch customers, send final bills and refunds within specific time limits as well as taking responsibility for all the arrangements - now covers over 90 percent of suppliers by market share. Pamela Taylor, self-sustaining chair of the Energy Switch Guarantee, said: “With increasingly than 70 suppliers in the market there is increasingly nomination than overly before. Despite the recently spoken price cap, switching tariffs remains the weightier way for consumers to get the weightier deals in the market.  Look out for the Energy Switch Guarantee logo to find suppliers who will provide a simple, speedy and unscratched ways to switch.” Lawrence Slade, senior executive of Energy UK, said: “Despite record-breaking temperatures, it is unconfined to see that nearly 1.5 million people have made a switch this summer. “Competition is thriving in the energy market and ever-increasing numbers of customers switch every year - with a record 5.5million doing so last year. It is vital that these positive steps, which unhook benefits for customers, are not undone as a result of policy decisions with Ofgem’s own impact towage suggesting falls in switching of up to 40% as a result of the proposed price cap. “We will be monitoring numbers closely and hope that consumers up and lanugo the country protract to goody from the competitive market.” ENDS Press Contact Tel: 0207 747 2959 This email write is stuff protected from spambots. You need JavaScript enabled to view it. Notes to Editors In August, virtually an spare 90,000 electricity switches occurred as Iresa customers were transferred to Octopus Energy. These have been discounted from the numbers above. To see the latest monthly switching stats, please visit Energy UK’s website. Over 90 per cent of suppliers (by market share) are signatories of the Guarantee. For increasingly information well-nigh the Guarantee: www.energyswitchguarantee.com The switching data is supplied by Electralink who provides a secure service to transfer data between the electricity market participants. The visitor operates the Data Transfer Network (DTN) which underpins consumer switching, meter interoperability and other merchantry processes hair-trigger to a competitive electricity market.  The data referenced in these reports is since our hodgepodge of data only and is for electricity only. These figures include both domestic & non-domestic customers.  These figures do not include internal electricity switching, statistics on this from the larger suppliers and on Standard Variable Tariffs can be viewed on the Ofgem website Press releases201820172016BlogsVideos & Infographics Carbon Monoxide - Be AlarmedEnergy Switch Guarantee Media enquiries Tel: 020 7747 2959 Email: This email write is stuff protected from spambots. You need JavaScript enabled to view it. 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