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Electricity customers continue to shop around

Forty five per cent of switches that took place in the month of August were to small electricity suppliers with switches to small suppliers hitting 97,000. This comes at a time when smaller electricity providers are gaining a larger part of the market. Total switches remained high with 215,000 customers changing supplier.

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Energy UK statement on National Grid's Balancing Reserves tender

In response to National Grid's tender for balancing reserve services, Energy UK said:

“The decision by National Grid to tender for additional reserves of electricity generation ahead of the coming winter is a very sensible step, with a number of power stations shut down for maintenance and others considering closing or considering closing. This statement demonstrates gives clarity on how it is proposed to maintain security of electricity supply this winter and also highlights the increasing concerns that some of the necessary  conventional power stations are finding it very difficult to be economically viable in the current environment.

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Energy bucks the ‘brain drain’ trend

The energy industry employs workers up and down the country and, unlike many industries, has increased job opportunities. Between 2008 and 2013, employment in the energy sector grew by 30 per cent - a total of around 28,000 new employees.

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Energy UK’s next day switching consultation response

Faster switching is set to boost the positive impact switching is already having for consumers. The energy industry believes faster switching will encourage competition in the market and give customers greater confidence to shop around. Energy UK and its members will work with Ofgem but we need to keep consumer protection and data migration challenges in mind.

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Quarterly report shows growth of smaller suppliers

The Cornwall Energy report for February, March and April 2014 shows that the market share of the largest companies continues to be challenged by smaller companies, the number of suppliers in the market has increased and the size of the UK market has grown. The report, published by Energy UK, shows that the largest companies share of the dual fuel market has fallen to 92.2%. The number of domestic suppliers is at an all-time high of 25 companies. 

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Two million households choose small suppliers

Over two million customers are buying their electricity from small suppliers, according to new figures from Energy UK. More than one million of those gains took place in the last 12 months. Latest figures show that since November around 100,000 customers every month have moved to smaller providers. July saw 96,866 households move to small suppliers - 42.95% of overall switches. Electricity switching across the sector has remained strong with more than 225,000 households moving each month.

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Energy UK statement: response to 2 million switching to smaller suppliers

"Figures show people are taking advantage of competition in the energy industry by switching supplier. There are now more than 20 suppliers that customers can chose from. We encourage people to shop around to make sure they are on the best tariff for them. We are making it quick and easy to switch supplier so people can readily compare one tariff with another."

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