Household switching electricity and gas supplier increases by 98%

There was a notable surge in households energy supplier switching across Britain reported in August 2023, with numbers skyrocketing by almost 98% compared to the same month in 2022.

ElectraLink, who oversee flows of data between the energy suppliers, has suggested that a total of 216,000 switches took place, almost double the amount that took place in August 2022.

Year to date, 1.3 million switches or changes of supplier have been completed, a significant increase if we compare this with the same period last year when 838,000 switches took place.

The increase coincides with the drop in the Ofgem price cap, leading suppliers to introduce more competitive deals to the market as the wholesale price of energy has eased since the beginning of the year.

We are not out of the woods by any means but this is good news and proves that confidence in the domestic market is returning.

Supplier switch stats are not available in the business space if we look at the UK as a whole, but we have seen most of our customers change to other suppliers in 2023 rather than stay with their incumbent, as they hunt the best possible price.

Compare prices now!

See the latest business electricity and business gas prices. Compare online now.