More choice for energy customers, Slade says
Energy customers have greater choice and suppliers are making it quicker and easier to switch, Energy UK said. CEO Lawrence Slade said new figures from Cornwall Energy proved competition in the non-domestic energy market is increasing according to the latest report from Cornwall Energy, with more suppliers in the market fighting for customers than ever before.
The ‘August’ report, commissioned by Energy UK, shows:
- There are 39 companies supplying energy in the business electricity market
- There are 33 companies supplying energy in the business gas market; 24 of these supply both electricity and gas to the non-domestic sector.
- An additional seven companies have started supplying electricity and/or gas since 30 April 2014
Lawrence Slade, chief executive of Energy UK, said:
“We have seen a transformation in the energy retail market over recent years as new entrants are coming in and shaking up the market. Increased competition is driving prices down across the board for customers.”
Notes to editors
- This research was carried out by Cornwall Energy for Energy UK, an independent energy consultancy.
- The report considers developments in the last three years taking six-monthly snapshots from 30 April 2012 to 30 April 2015.
- It looks at competition based on the number of competing suppliers, market shares and the Herfindahl-Hirschman Index of market concentration.
- View the Cornwall Energy Report on competition in the non-domestic energy market.
- View the previous Cornwall Energy report on competition in the non-domestic energy market.