More than one million people have switched electricity supplier so far in 2020, up 20 per cent on the same period last year.
According to the latest figures from trade body Energy UK, more than half a million (558,836) moved to a new supplier, a 23 per cent increase compared to February 2019.
The majority of all switches (34 per cent) were from large to small and mid-tier suppliers, 29 per cent were between small and mid-tier, 22 per cent were between large suppliers and 14 per cent were from small and mid-tier to large.
Energy UK’s interim chief executive Audrey Gallacher said: “This a significant increase in switching numbers – hitting the one million mark in the first two months of the year shows that an increasing number of consumers take advantage of the competitive and innovative services on offer by around 60 suppliers.”
In 2019 more than 6 million switches took place, representing a record year.