Ofgem figures show consumers are using “their buying power”
April 5, 2008 by admin
Filed under News, News-Banking
Data from Ofgem showing that over five million energy customers have switched supplier in the past year is a sign that customers are using “their buying power”, according to a consumer advisory service. 
Which? said that energy customers need to keep looking out for the best deal as there are significant price differences between companies.
Siobhan, Parker from Switch with Which? said: “The fact that 5 million people switched last year shows that consumers are using their buying power and taking their business elsewhere if they’re not on the best tariff.”
She added that there are still improvements to be made as the research showed that nearly half of UK households have never changed supplier while even those who have already switched may find that new tariffs could offer further savings.
Figures released showed that 5.1 million consumers transferred their business to a different company in an attempt to find a cheaper deal.
This is the highest number of switchers for five years, said the body.
