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Co-operative Energy heralds latest switching figures as good news

Posted on 1 October 2012

Co-operative Energy has described the latest UK switching figures as encouraging, despite a slight downturn in the number of energy customers who have changed supplier in the past twelve months. The ethical energy provider which now supplies gas and electricity to more than 55,000 UK homes said the DECC figures released on Thursday, 27th September were good news as, although fewer people are switching, more people than ever are moving to the independent suppliers and away from the Big 6. In fact, the independent suppliers, of which Co-operative Energy is a leading light, now have 1.4% of the UK market share. That’s a rise from less than 1.0% two years’ ago and is part of an increasing consumer move away from the large energy suppliers. Co-operative Energy’s Nigel Mason said: “You need to understand the story behind the numbers to really appreciate the change in the industry. Yes, fewer people are switching, but the people who are switching are smart. They have wised-up to the Big 6 and are starting to look at the independent suppliers like us. They are choosing to move for cost and ethical reasons. “We still occupy a small portion of the market but a 40% increase in market share for the independent suppliers in two years is really significant. It marks the start of what we believe will be an increasing move away from the Big 6 in the years ahead.”

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