Supplier switches have surged to a six-year high, due to desperate homeowners shopping around for cheaper gas and electricity deals.
According to the regular, Ofgem, consumer switching reaches record high of 7.7 million energy provider swaps in the last year alone, with switching sites enabling consumers to take back control of their costings.
Recently, Britain’s energy market has come under increasing, political scrutiny, with claims that all homes are affected with even greater emphasis on poorer households.
For Ofgem’s Chief Executive, Dermot Nolan, this unprecedented rise in switching is a sign of things to come:
‘This welcome increase in switching should serve as a warning to supply companies.’
‘If they fail to keep prices under control, or do not provide a good service, they risk being punished as consumers vote with their feet.’