06/05/2020
Some interesting stats on energy switches during COVID-19.
Big 6 are down while challenger brands are increasing market share. Could this possibly be the beginning of the end of the big 6?
Big Six challenger switches in April 26% down compared to March 2019 and 32.9% of March 2020’s total switches completed,
Big Six to Big Six switches hit 141,000 – 3.9% more than March 2019 and 23.7% of March 2020’s total switches completed.
Challenger to Big Six switches landed at 93,000 – 43.2% more than March 2019 and 15.7% of March 2020’s total switches completed.
March switching data reveals that COVID-19 has had an effect on switching activity with a trend-breaking decline in energy supplier switching requests.