switching

Latest in switching

The number of business customers switching their water retailer was higher in 2021/21 than the year before but has yet to rebound to pre-pandemic levels, data collated by MOSL has shown. The market operator said there was also a dip in retailer performance as some continued to face problems with the availability of meter readers.
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Electricity switching saw a resurgence in June, with a 6 per cent year-on-year rise and just under eight per cent increase compared to May. Switching has seen a dip due to coronavirus in recent months, with May recording a three-year low.
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Electricity switching in Great Britain took a further dip last month as the coronavirus pandemic continued to affect consumer behaviour. The figures from ElectraLink’s Energy Market Data Hub show switches between energy suppliers in May decreased both year-on-year and month-on-month.
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Figures published by Energy UK show a 17 per cent year-on-year increase in customers switching supplier last month. Energy UK also issued an update on how deals such as Ovo buying SSE's retail arm will affect future figures.
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Energy UK has released the latest switching figures for November. They already equal 2018's record-breaking 5.8 million total with one month to spare.
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By summer 2021 consumers should expect to switch their energy supplier by 5pm the next working day. Industry regulator Ofgem and the Data Communications Company are working towards creating a centralised switching service to facilitate this but one industry expert has referred to recent experiences with the smart meter rollout and questioned whether the timescale can be met.
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Despite increased levels of switching among energy suppliers recently, research has found customers across the utilities sector to be mostly loyal to their provider. Oliver Disney, commercial director of 383 Project, said the switching trend could be heading towards a "significant roadblock."
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The price comparison and switching service will partner with Bud to allow customers to switch their provider on a banking app.
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The Data Communications Company (DCC) has begun the countdown to delivering Ofgem's switching programme. The Central Switching Service (CSS) was initially scheduled to go live at the end of next year but it has since been pushed back to 2021.
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