Consumer moves to new suppliers down 20% in October

Consumer switches from one electricity supplier to another dropped by 20 percent in October, compared to the equivalent month a year earlier, latest data made available to energypress has shown.

Just over 80,000 consumers switched electricity suppliers in October, down from approximately 100,000 in the same month a year earlier.

The number of consumers who changed supplier in October was also lower compared to September this year, when 93,500 consumers shifted, a month-to-month drop of nearly 14 percent.

For the 10-month period between January to October, consumer shifts were up marginally, 2.5 percent, compared to the equivalent period a year earlier.

These latest figures indicate consumers are increasingly hesitant to move from one supplier to another, following more liberal behavior in the past.

Under recently introduced new rules, suppliers are required to announce prices for each forthcoming month by the 20th of the preceding month.

Monthly revisions of offers appear to be subduing the mobility of consumers, apprehensive of price changes from month to month.