Share

UK power users switch to small providers

London - Britain's small energy suppliers signed a record number of new electricity customers in October, industry data showed, as households prepared for the winter season when utility bills typically rise.

As many as 138 714 electricity customers switched to an independent supplier last month, the highest ever monthly net gain and a 150% increase year on year, data published by industry association EnergyUK showed.

Britain's small energy providers such as First Utility, Ovo Energy and Utility Warehouse have been eating into the market share of the six largest suppliers, which still control around 90% of the UK retail market.

The country's big six energy providers are Centrica's British Gas, SSE, RWE npower, E.ON , EDF Energy and Scottish Power.

The overall number of users switching to a new electricity supplier, big or small, also rose to the highest level this year at 345 862 people in October.

"There are more companies than ever before in the electricity market offering a wide range of deals," outgoing EnergyUK chief executive Angela Knight said.

Separate figures published by gas distribution services firm Xoserve showed 245 731 switches in October, also the highest this year.

Electricity and gas switching numbers are likely to overlap given that most consumers buy both from the same company.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.01
+1.1%
Rand - Pound
23.79
+0.7%
Rand - Euro
20.40
+0.8%
Rand - Aus dollar
12.40
+0.7%
Rand - Yen
0.12
+1.2%
Platinum
925.50
+1.5%
Palladium
989.50
-1.5%
Gold
2,331.85
+0.7%
Silver
27.41
+0.9%
Brent Crude
88.02
-0.5%
Top 40
68,437
-0.2%
All Share
74,329
-0.3%
Resource 10
62,119
+2.7%
Industrial 25
102,531
-1.5%
Financial 15
15,802
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders