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'Generation Switch' - Gocompare.com comments on Ofgem figures that show energy switching up 8%

29 April 2016

Gocompare.com has welcomed Ofgem figures that show that 8% more customers switched energy provider in the first three months of 2016, and believes there is a unique opportunity in the energy market to change consumer behaviour for the better. 
However, the comparison site is warning that while any increase in switching is good, it represents the tip of a very large iceberg, with millions more households still stuck on out-dated and uncompetitive standard tariffs. 
Ben Wilson, energy spokesperson at Gocompare.com, said:  "The energy market has been fundamentally changed by the arrival of new players.  In recent years we've seen the biggest price war the market has ever experienced, largely fuelled by the newcomers.  As a result, there is now an opportunity to change consumer behaviour for the better and get a generation of bill payers into the habit of shopping around and taking control of their energy outgoings. 
"The likes of Ofgem need to be shouting from the rooftops at the moment because there are still millions of households that are stranded on standard tariffs and missing out on huge savings.   From our own research*, 43% of households have switched energy provider in the last three years but 57% haven't, with almost a third saying they have never switched energy provider."
Gocompare.com is urging households that haven't switched recently to take matters into their own hands and save up to £207** on their gas and electricity bills by ditching their standard tariffs.

For more information see Gocompare.com's guides on switching energy supplier.


Notes to editors:

* On 5 January 2016, Bilendi conducted an online survey among 2001 randomly selected British adults who are Maximiles UK panelists.  The margin of error-which measures sampling variability-is +/- 2.2%. The results have been statistically weighted according to the most current education, age, gender and regional data to ensure samples representative of the entire adult population of United Kingdom. Discrepancies in or between totals are due to rounding.

**Based on 51% of dual energy customers who received a price for switching with Gocompare.com, 01 October - 31 December 2015