You are here: Home - Household Bills - News -

Switchers shun energy giants in favour of challengers

Written by:
For the first time this year, a greater number of customers switched away from the largest energy providers rather than to them, data reveals.

Switches away from the ‘big six’ – British Gas, EDF, E.ON, Npower, Scottish Power and SSE – stood at 18% in June, greater than the 16% who switched to them.

According to’s energy snapshot, this has been driven by ultra-competitive deals on the market from smaller challengers.

Its data also revealed that three of the five highest savings tariffs available on its platform were from smaller suppliers, with an average saving of £375.

Based on area, those living in the South East were more active when it came to switching (15%), saving an average £295, while just 5% of those in the North East switched, saving £294.

Those aged 50-64 had the highest rate of switches (26%), while the lowest rate tends to be among those aged under 21.

Peter Earl, head of energy at, said: “With 127 energy tariffs coming to an end in July, hundreds of thousands of households run the risk of being rolled onto a standard variable tariff – which will likely be significantly more expensive.

“The best way to mitigate any increase in the cost is by switching provider or shopping around for a better deal. There are a range of competitive tariffs available at the moment – including tariffs that use renewable energy – making now a great time to review your current deal.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Could this British Airways trick save £100s off your next holiday?

British Airways travellers are using a trick to save £100s off their next holiday. Could it work for you?