More than 450,000 electricity customers switched supplier in February, the latest figures from Energy UK have revealed today (22 March).
In total 452,977 customers made the switch, down 0.1 per cent when compared to the same period last year.
Yet with 835,642 switches so far this year, the total figure is up 2 per cent compared to the first two months of 2018.
In February, 39 per cent of switches were from larger to small and mid-tier suppliers, 13 per cent were from small and mid-tier to larger suppliers, 21 per cent were between larger suppliers and 27 per cent were between small and mid-tier suppliers.
Furthermore, the net gain by small and mid-tier energy suppliers was 119,042, or 26 per cent of all switches.
According to figures, last year was a record year for switching with more than 5.8 million customers switching their supplier.
Lawrence Slade, chief executive of Energy UK, said: “While there has been a small decrease this month, switching remains up on last year and we hope that, over the coming months, we continue to see high levels of consumers engaging in the market to find the best deal for them.
“I’d encourage energy customers to take advantage of the deals on offer by either contacting their existing supplier or shopping around – and consumers can make further savings by ensuring that their house is energy efficient, as this is the best way to keep energy bills down in the long run.”