OFGEM has published data which shows that in the first half of this year (Jan-June 2016) more than 3.8 million switches took place as people changed their energy supplier – around a million more than the same period last year (Jan-June 2015).
In the first half of 2016, around 1.6 million domestic customers switched gas suppliers and 2.2 million domestic customers switched electricity suppliers.
However, whilst there are more deals in the market to choose from, OFGEM’s data reveals that 66% of domestic customers are still on expensive standard variable tariffs.
Meanwhile, customers can save over £300 by ditching expensive standard variable tariffs for the cheapest deal, often a fixed-term tariff. The average standard variable tariff of the larger energy suppliers as of 28 July 2016 was £1,066. The cheapest tariff available on that date – a one year fixed tariff – was £758, a saving of £308.
Commercial Customers have an even bigger choice of suppliers and potential savings are obviously much bigger, too.
For a competitive quote and a professional service contact Alpine Utilities Ltd today.