Switching figures on track to hit six million in 2019

A record number of switches between small and mid-tier electricity suppliers took place in October, figures from Energy UK show.

In total 181,949 took place between these suppliers, representing 29 per cent of all switches last month.

Meanwhile another record number of switches took place between small and mid-tier to larger suppliers, with 102,138 (16 per cent) making the move.

A total of 626,284 customers moved supplier, down 1.1 per cent compared to the previous October.

Of these 32 per cent were from larger to small and mid-tier suppliers, and 23 per cent between larger suppliers.

So far this year more than 5 million customers have switched supplier, representing a 9.2 per cent increase on the same period in 2018, meaning the figures are on track to hit the 6 million mark in 2019.

Audrey Gallacher, Energy UK’s director of policy, said: “This month’s figures show that consumers continue to take advantage of the increased competition.

“Over 5.3 million customers have already moved to a new supplier and switching is on track to hit the 6 million mark this year.

“With the temperatures dropping across the country, I’d encourage consumers to get in touch with their supplier or have a look online to make sure they’re on the best deal ahead of winter and the cold weather.”