The UK energy market has been in the news for the energy price rises made by the Big Six energy suppliers. It has received flak from all over including from the UK government and the energy regulator Ofgem, which hinted on declaring a severe energy price cap in the near future. However, the dominating Big Six energy suppliers seem to show no concern towards the energy customers. They keep declaring energy price rises one after another. The recent one being British Gas which increased its electricity prices by a huge 12.5%.
With the monopoly of the Big Six energy suppliers, who occupy almost 80% of the energy market, a big mass of the Britons find it difficult to get cheaper energy deals. With limited government intervention, the ball is now in the UK energy customer’s court, which can actually make a difference in their own life by switching UK energy suppliers.
It seems British customers have actually made up their minds to get in control of the energy price rises as recently there was a huge jump in the number of energy switches. If statistics are to be believed, around 445,000 UK households have switched electricity supplier after British Gas announced an energy price hike. This is 30% more than the number of energy switches made last year, at the same point in time.
People are now settling for small and medium energy suppliers that offer the cheapest energy prices along with a good service. After the price rise announcement by British Gas, many customers are seen drifting towards cheaper electricity and gas providers. As the UK energy market sustains through competition, this is a positive change.
Giving his opinion on the energy trends, Shay Ramani, an energy price comparison expert and founder of FreePriceCompare said that “Essentially, by saying good bye to pricey energy suppliers and choosing cheaper gas and electricity providers, one can not only reduce energy bills but, also support healthy competition in the energy market.”
The surge in the number of energy switches especially in the last month makes it clear that energy customers are not going to take things lightly. They have started switching gas and electricity suppliers and would go for energy companies that offer cheaper energy deals.
If you want to switch energy supplier but don’t have the time to compare energy prices, then you can easily rely on our friendly team of energy price comparison experts. We offer you the cheapest energy quotes online and can be your best assistance throughout the energy switch process. We make it hassle-free as you have to just select the cheapest energy supplier and we will handle the switching formalities.
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