Energy supplier switching in Britain jumped 59 percent in October 2022 compared to the month before. 149,000 switches were completed last month – the highest monthly total of the year so far.
This large increase occurred due to mass contract expirations for non-domestic customers. Further data from ElectraLink analysts reveals that changes of supplier (CoS) among domestic customers did not shift noticeably between September and October 2022.
October last year was the last month before widespread supplier failures resulted in CoS dropping by almost three quarters. The number of switches completed this year so far has now reached 1.08mn.
In terms of switching types, the largest category increase occurred between Other suppliers, while CoS between Large suppliers had the smallest relative change compared to the month before.
- Large to Large switches reached 47,000 – nine percent more than September 2022 and 32 percent of October 2022’s total CoS completed,
- Large to Other switches reached 35,000 – 37 percent more than September 2022 and 23 percent of October 2022’s total CoS completed,
- Other to Large switches landed at 36,000 – 107 percent more than September 2022 and 24 percent of October 2022’s total CoS completed,
- And Other to Other switches hit 31,000 – 306 percent more than September 2022 and 21 percent of October 2022’s total CoS completed.
For more information on CoS figures, or to find out how your organisation can access the CoS data we hold and provide for the energy market, contact [email protected].
The above figures relate to electricity CoS in Great Britain only.
We do not include CoS from SoLR processes or trade sales in our monthly CoS reporting. We account for only voluntary switches, or instances where the customer made an active decision and took action to change supplier.
All data is provided by EMPRIS.
Due to the introduction of the Central Switching Service in July 2022, ElectraLink is no longer able to provide data on switches started.
ElectraLink has been granted the governance protections to hold, transfer and analyse CoS and other data.