DECC: Amount of consumers planning to switch suppliers falls

Published on Thursday, 12 July 2012 10:51
Posted by Vicki Mitchem

A new report, published by the Department for Energy and Climate Change (DECC), has indicated that consumer interest in changing energy suppliers has decreased.

It featured a survey of in excess of 2,100 energy consumers based in the United Kingdom. The results displayed that just 33 per cent of customers stated that they were planning to change their supplier during 2012, compared to 55 per cent in previous years.

However, the report did show that over 35 per cent of consumers were interested in joining a collective purchasing scheme, similar to the Big Switch campaign operated by Which? - in which a number of the Big Six energy companies participated in. Somewhat surprisingly though, 79 per cent of those participating in the survey stated that they weren't aware of the existence of such schemes.

Secretary of State for Energy and Climate Change, Ed Davey, has previously stated that collective purchasing schemes could offer the best opportunity for consumers to save money on their energy bills.

In a speech addressed to the Local Government Association (LGA) made in June, Mr Davey, stated: "Collective switching brings three real opportunities.

"First, it can help more people consider switching - bringing huge savings that already exist to many more people, faster. Second, by using group purchasing power, it can also help drive better bargains too. Third, to drive competition, and to get more players in the market, it can reduce barriers to entry, by helping small players access more customer opportunities, more quickly," he said at the time.

Source: ©UK Power


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