Switchomatic UK energy news

Benefits of switching gas and electricity suppliers

Big six exodus continues as 1 million more customers set to leave

The Big Six are continuing to experience a mass exodus of customers opting for cheaper deals with smaller companies. Their market share has now dropped from 98% in 2012 to 87% today (86.6% exact). Mark Todd, director at whole-of-market price comparison service energyhelpline.com commented:

“We have calculated that 1.05million homes are set to quit the Big Six this year. As many homes are on dual fuel tariffs, the Big Six are expected to lose 1.9 million accounts out of the 48 million gas and electricity in the UK in 2015.* This is based on analysis of hundreds of thousands of switches. 

“Our research shows the Big Six energy exodus is due to consumers switching from high prices with big suppliers to cheaper ones from the small upstarts. 9 of the top 10 cheapest tariffs currently come from small suppliers. Savvy customers are continuing to vote with their feet.

"Last year the Big Six lost around 1.5 million homes, with two thirds of switchers going to the small suppliers. This year 50% of price comparison switchers are opting for small suppliers meaning a further 1 million losses. From the beginning of 2012 to end of this year energyhelpline.com estimates 3.3M homes will have left the Big Six in the biggest energy exodus the UK energy industry has ever seen.

"The government and regulator, OFGEM, are expected to be cock-a-hoop about the estimated losses as they have said that they want the Big Six’s dominant grip on the market to be loosened.”

Created: 23rd Sep 2015, Last Modified: 7th Dec 2018, Switchomatic

Back to the list

Compare gas or electricity tariffs and see what you could save

Compare the cheapest gas and electricity!

How to save money on energy bills

Compare gas and electricity tariffs using the 100% impartial utility price comparison site - Switchomatic.

Compare utility rates

Switch suppliers for gas and electricity to profit from the cheapest utility bills. In less than 5 minutes.

Switch suppliers now!

Save money on energy bills quickly and easily. Once you request the supplier switch you don't need to do anything else!

Save money on energy