Over 400,000 customers switched in February
More than 400,000 customers switched energy supplier last month which is a staggering 55% increase from January.
February 2016 saw 413,762 electricity switches. For the third time in less than a year the number of switches has exceeded 400,000.
The latest electricity switching data shows a net gain to small and mid-tier suppliers of 115,773 which is around 30% of all switches for February.
Lawrence Slade, chief executive of Energy UK, said:
“Switching seems to be a buzz word at the moment – it’s fantastic seeing such positive numbers every month. Customers clearly want to make the most of the really good deals out there in the market.
“The industry continues to work towards making it easier and quicker for customers to switch, which is reflected in yet another high number of switches. ”