Energy UK has revealed that almost 400,000 households switched energy supplier in January 2019 – up 5% on the number of switches in January 2018.
2018 was a record year for households switching energy supplier, with one in five transferring their supply to a different supplier. Millions more switched to a better deal with their current supplier.
The newly released figures show that throughout January, more than 25% of switches arranged were small or mid-tier energy suppliers.
Lawrence Slade, chief executive of Energy UK, said:
“It is positive to see that consumers continue to engage in the energy market, with nearly 400,000 customers switching last month.
“While it is too soon to tell the impact the price cap and the recent increase from Ofgem reflecting increasing costs, there are still savings to be made… For those who decide to switch, the Energy Switch Guarantee means customers can feel confident that the switch will be simple, speedy and safe.
The average increase of £117 to the energy price cap takes effect on April 1st, 2019 and it will mean higher energy bills for 11 million households – unless they switch to a cheaper fixed-term deal.
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