Commenting on the latest figures from Energy UK which show that 2018 was another record year for electricity switching, Head of Regulation at Uswitch.com, Richard Neudegg, said:
“2018’s record switching levels show that more and more households have taken advantage of strong competition to beat energy price rises and save hundreds of pounds by switching.
“We’re so close to a tipping point where the majority of energy customers won’t be on poor value standard variable tariffs, which will put more pressure on suppliers to up their game. In 2019, it’s vital that consumers don’t fall into the price cap trap by thinking they will no longer suffer price rises on standard tariffs.
“This is especially true as Ofgem is expected to announce an increase the level of the price cap in a few weeks’ time – which means the cost of standard tariffs is likely to go up, affecting over half the households in Britain.”
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Tim Dunford
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Notes to editors
Full details of electricity switching rates in 2018 are available from Energy UK here: https://www.energy-uk.org.uk/media-and-campaigns/press-releases/440-2019/6996-another-record-year-for-switching.html
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