Electricity switches are up on 2015, but gas switches are decreasing
There are huge savings to be made by switching provider
The latest Change of Supplier report from the Commission for Energy Regulation shows gas and electricity switching numbers for July-September 2016.
Electricity switches have increased
The data shows that, the average number of electricity switches per month for January to September 2016 was 26,798, compared to average switches per month for 2015 of 25,226.
This amounts to over 1,500 more switches per month on average in comparison to last year.
In terms of month-on-month electricity switches, these remained fairly consistent between July and September, with:
- 26,211 in July,
- 26,902 in August, and
- 26,773 in in September.
The increase in switches could perhaps be down to the ‘energy price war’ that’s going on at the moment, with many suppliers cutting their unit rates, offering huge discounts to new customers, and/or giving ongoing discounts to customers who choose to pay by direct debit and receive bills online.
At the moment, the average electricity user could save up to €177 by moving from standard tariffs to the best deal on the market, so all these people who are switching have the right idea!
Gas switches have decreased
Although we’ve seen an increase in the number of switches in the electricity market, the same can’t be said for gas.
The average number of switches per month for January to September 2016 was 7,917, while the average number of switches per month for 2015 was 8,905.
This is a substantial decrease of almost 1,000 switches per month so far this year.
In terms of month-on-month gas switches, again these remained fairly consistent between July and September, with 7,761 in July, 7,805 in August and 7,436 in September.
In comparison, there were 9,415 gas switches in July 2015, 8,602 in August 2015, and 10,174 in September 2015, so there are clear decreases in switches compared to the same months last year.
It’s important to remember that savings are not just restricted to electricity customers.
The average gas customer has the potential to save up to €159 by switching from standard tariffs onto the best deal on the market.
So, if you’ve been on your tariff for more than a year, the chances are you will save by switching.
Switching is straightforward
Maybe you’re put off by switching because you think it’s too much hassle.
In fact, comparing deals and making a switch only takes a few minutes, and could save you hundreds of Euro!
So, what are you waiting for?