Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.

Energy switching activity sees unexpected boost in February

February saw a surge in switching activity, thanks to a sudden spike in switching between major suppliers, says the latest report from ElectraLink analysts.

According to the data, there was a 56% year-on-year jump and a 27% month-on-month increase in Changes of Supplier (CoS), with a whopping 149,000 switches completed in February alone.

Analysts say this is surprising as February is typically a slow month for CoS, with most activity taking place in March and April when most of the contracts end.

The analysts at ElectraLink also noted a remarkable rise in domestic CoS compared to previous months since the switching market crashed in November 2021 due to numerous supplier exits.

In February, 123,000 households made the switch, which is more than a third higher than the 90,000 domestic CoS recorded in January.

This could be attributed to new tariffs or other factors that affect customer attitudes.

Moreover, February marks the second-highest monthly total since November 2021.

The only month with higher completed CoS since then is October 2022, with just a few hundred more than February.

Network with hundreds of businesses and public sector organisations taking bigger steps to net zero. Book your FREE ticket to the Big Zero Show 2023 now. 

If you enjoyed this story you can sign up to our weekly email for Energy Live News – and if you’re interested in hearing more about the journey to net zero by 2050, you can also sign up to the future Net Zero newsletter. 

Read the full article here

Leave a Reply

Your email address will not be published. Required fields are marked *