More than half a million electricity customers switched supplier last month, a 13% increase from May 2017.
A total of 2.3 million consumers are thought to have switched supplier since the start of the year, undoubtably with many more to follow.
Over a third of May’s switches involved customers moving from one of the “Big Six” to smaller suppliers, presumably in reaction to recent price hikes implemented by the energy giants – a move widely claimed to be in response to higher wholesale energy costs and the planned introduction of a cap on Standard Variable Rates.
Customers that are on a fixed or safeguard tariff are not to be affected by the recent price hikes, however, we would urge customers to be mindful of their contract end date, and not to risk being rolled over onto Standard Variable Rates.
For more information and advice, contact one of our Energy Managers today on 01279 810120.