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The latest figures from Energy UK represent a 20 per cent increase on 2019, a record year for electricity switching. The majority of switches in February were from larger players to smaller and mid-tier suppliers.
4 years ago
Eon's adoption of the Kraken platform will see millions of customers migrated onto the system. One industry insider believes this could be a signal to other large players to enter the market.
People working at home due to coronavirus are expected to increase their bills by £16 a month, according to research by Uswitch. In analysis produced before Boris Johnson ordered a lockdown of the country, the switching service estimated that with 16.8 million people working from home there will be an additional 25 per cent more electricity and 17 per cent more gas use per day.
The incoming chief executive joins from his own consultancy and has previously worked for Channel 4. Incumbent CEO Sacha Deshmukh will step down in March and Smart Energy GB’s director of finance and operations Alistair Gibbons will be acting as interim until the new chief executive joins in May.
Challenger energy supplier Gnergy has become the first supplier of 2020 to exit the market. Around 9,000 customers will now enter the supplier of last resort process.
Guidance outlining how energy suppliers should deal with customers during the coronavirus pandemic is to be published by the government imminently, Utility Week understands. The paper is expected to contain information from Citizens Advice as to what will be expected while the virus continues to affect both business and consumers.
The group of industry professionals who will scrutinise SPEN's business plans have been revealed. Group chair and former Ofgem director John Howard will meet with the team monthly to oversee the plan, due to come into force in 2023.