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9% of Market Now in Small Suppliers’ Hands

Energy UK’s latest report on the energy market has revealed that smaller energy suppliers are taking a larger share than ever of energy uk logothe market from the Big 6.

The report, undertaken by Cornwall Energy, also revealed that there are more energy suppliers than ever active in the market.

The October update showed:

  • The market share of small energy suppliers is now at 9%, which is a 6% increase on the same time last year.
  • More than one million customers moved from a large supplier to a small one.
  • The number of companies offering dual fuel, gas and electricity deals is at an all-time high at 25.
  • There are now seven companies with more than one million customers.

Angela Knight, chief executive of Energy UK said:

“Once again we can confidently say competition is growing in the energy market, according to the report from Cornwall Energy. The growth of small suppliers is a clear sign customers are reacting to the range of choice on offer to them from companies large and small. In a sector with 27 million customers, market shares don’t change overnight. However, the Cornwall Energy competition reports and the Energy UK monthly switching reports have shown a trend. They show a trend of growing competition, a wider range of choice and a customer base more engaged and willing to shop around.”