The past 10 months have seen 5.1 million customers switch electricity suppliers – 3% less than the same 10 month period of 2019…
However, despite the cumulative number of switches being lower, things seem to be on the up again, as October sees the highest rate of switching since April 2019.
According to new data by Electralink’s Energy Market Data Hub, with 4% more switches than October 2019 and a staggering 20% increase in switches from September 2020, October 2020 recorded approximately 621,000 electricity switches.
How Do I Switch Suppliers?
Switching energy suppliers is actually a very quick and simple process. Initially comparing suppliers’ tariffs and confirming you would like to switch should take no more than 10 minutes. From this point it will take around 21 days for the switch to happen, of which you have an initial 14 day cooling off period should you change your mind. You won’t even need to tell your old supplier you’re leaving them – That will all be done for you!