A record 3.8 million people switched energy supplier in 2015 which was a whopping 0.6 million more than in 2014.
It just goes to show that consumers are becoming more and more savvy with their bills and less likely to remain loyal to suppliers that penalise long-term customers with high rates.
Lawrence Slade, chief executive of Energy UK, explained: “Industry and government have made strides towards making switching simpler and quicker. Customers have become more engaged in switching and are shopping around to find the best deal for them.”
With a huge 34 suppliers on the energy market, it pays to shop around. Even though the number of people switching has increased, over 40% of businesses haven’t switched in over five years.
The average company could save 23% just by changing suppliers but it seems that awareness of business energy and the ability to switch commercially still needs highlighting.
Business Juice hopes that the recent focus on energy, suppliers and wholesale prices will encourage other businesses to shop around for a better deal on their electricity and gas.
With energy secretary, Amber Rudd urging consumers to shop around, we hope that 2016 will be another year of record switches.
“We need to shout loud about the benefits of switching energy tariffs; I will continue to urge people across the country to take advantage of the most competitive energy market we have ever had so they can save hundreds of pounds on their energy bills”.