British Gas’s price rise propelled ¬energy switching to its highest ever rate on one of the country’s biggest ¬comparison sites. The decision this month by Britain’s biggest energy supplier to raise electricity bills by 12.5pc triggered a two-and-a-half-times increase in switching on comparethemarket.com compared with the same day of the prior week. The site said nearly half those leaving their supplier on the day of the price rise announcement were British Gas customers. The acceleration in switching will bolster expectations of record customer losses for energy’s “Big Six” this year. British Gas increased electricity prices for 3m customers on its standard variable tariff, raising energy bills for the typical dual-fuel customer by £76 to £1,120 per year. Peter Earl, from comparethemarket.com, said the British Gas price rise was “clearly the final straw for many”.
Telegraph 13th Aug 2017 read more »
