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Benefits of switching gas and electricity suppliers

Three day switching deadline given to energy suppliers

OFGEM has today announced that it will implement new tariff switching regulations by the end of the year, which will enable consumers to switch energy suppliers within three days. The move is designed to force the Big Six energy companies to deliver better value for money.

Mark Todd, co-founder of independent price comparison site, energyhelpline, welcomed the move:

“This is great news and it could be a revolutionary move. Speeding up energy switching to just a few days from several weeks means that you can now switch more quickly than ever before. In the past it has taken far too long to switch, often up to 6 or 7 weeks."

"Of course, the more people switch the more pressure there will be on suppliers to charge competitive rates. Currently an average UK home only switches energy once every eight years. If competition is to work well this rate really needs to double so that householders switch more regularly and suppliers feel more pressure.”

You can switch suppliers right now with Switchomatic!

Created: 16th Jun 2014, Last Modified: 7th Dec 2018, Switchomatic

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