Four million U.K. customers switched supplier in 2006


Alistair Buchanan,
Chief Executive,
London, U.K. — (METERING.COM) — January 18, 2007 – U.K. energy regulator Ofgem has announced that over four million energy consumers switched supplier in 2006, in an effort to reduce the amount they pay for gas and electricity. Switching numbers for the first ten months of the year were 750,000 higher compared to the same period in 2005, and Ofgem says that those who switched for the first time saved an average of £150 ($295) on their energy bills.

Ofgem’s findings also showed that the increased switching levels are affecting the market shares of some major suppliers – British Gas’s share of the household gas market, for example, has fallen below 50% for the first time.

Ofgem chief executive Alistair Buchanan said: “This is clear evidence that Britain has the most competitive energy market in the world, and that customers are taking full advantage of this.”