By using the Gocompare.com website you agree to our use of cookies as described in our cookie policy. I Agree Learn more

Majority of UK energy switchers now choose a smaller provider

09 November 2015

In the last 6 months over 60% of energy switchers have chosen a smaller supplier over the ‘big six’.

New figures from Gocompare.com reveal that more and more consumers are ditching the ‘big six’ in favour of tariffs from the UK’s smaller energy suppliers.*

Over the last year, six out of every ten energy switchers shunned the ‘big six’ – British Gas, E.on, EDF Energy, Npower, SSE and ScottishPower – in favour of smaller providers including First Utility, Extra Energy, OVO Energy and Co-operative Energy.

Table showing proportion of energy switches to either ‘big six’ or smaller energy suppliers between 1 November 2014 and 31 October 2015 via Gocompare.com

 

 

Nov

‘14

Dec

‘14

Jan

‘15

Feb

‘15

Mar

‘15

Apr

‘15

May

‘15

Jun

‘15

Jul

‘15

Aug

‘15

Sep

‘15

Oct

‘15

 

Big six

56%

51%

42%

55%

53%

44%

34%

29%

39%

19%

28%

37%

 

Smaller suppliers

44%

49%

58%

45%

47%

56%

66%

71%

61%

81%

72%

63%




Tom Lewis, spokesperson for Gocompare.com Energy, said: “Smaller energy companies have been dominating the ‘best-buy’ tables for quite some time now, so it’s hardly surprising that savvy energy customers have been switching to them in order to save money on their gas and electricity bills.

“Currently, GB Energy Supply, Extra Energy, First Utility, Flow Energy, GnERGY, Robin Hood Energy, OVO Energy and Green Star Energy are all offering dual fuel tariffs costing under £860 a year, on average. In fact, all of the top ten cheapest dual fuel energy tariffs available right now are from smaller suppliers.

“Many of these suppliers have good reputations for customer service and some have even scrapped early exit fees on their fixed term tariffs, so often there can be nothing to lose by switching to one of these challenger energy companies.

Tom continued: “When comparing energy tariffs it’s important to look beyond the brand – you won’t notice a difference in the gas and electricity that comes through your wires and pipes no matter who supplies it – and focus instead on how much the tariffs will cost you based on your specific usage habits.

“As well as the cost of the energy itself, check that you’re comfortable with any early exit fees if you’re considering a fixed tariff. It’s also worth making sure that the supplier you’re thinking of switching to will allow you to manage your account the way you’d like, be that online, via telephone or through an app, for example.”

Top ten cheapest tariffs

Supplier

Tariff

Tariff type

Annual cost

Early exit fees

GB Energy Supply

Premium Energy Saver

Variable

£799

None

Extra Energy

Fresh Fixed Price Dec 2016 v6

Fixed

£831

£25 per fuel

First Utility

iSave Fixed December 2016 v5

Fixed

£832

£30 per fuel

Flow Energy

Connect 3

Fixed

£836

£30 per fuel

Extra Energy

Clear Fixed Price Dec 2016 v3

Fixed

£843

£25 per fuel

GnERGY

Fixed November 2016 v1

Fixed

£849

£25 per fuel

Robin Hood Energy

Robin Hood Energy Prime v2

Fixed

£850

None

OVO Energy

Better Energy Fixed (All Online)

Fixed

£857

None

Extra Energy

Bright Fixed Price Dec 2016 v3

Fixed

£858

£25 per fuel

Green Star Energy

Rate Saver 12 Month Fixed 2510

Fixed

£859

£30 per fuel



Based on dual fuel, payment by monthly direct debit, averaged across all UK regions and for households with an annual energy usage of 12,500kWh gas and 3,100kWh electricity (medium user). Excludes collective tariffs. Correct as of 09/11/2015.

Gocompare.com has created a guide on small energy providers.

- ENDS -

Notes to editors

*Based on customers who switched energy provider using Gocompare.com between 1 October 2014 and 31 October 2015.