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Minimum level of saving required to switch energy supplier in the UK 2014

This statistic shows the minimum amount of money a consumer would expect to save before deciding to switch to a new energy supplier, in the United Kingdom (UK) in 2014. 13 percent answered they would need to save more than £250 to make the switch, while the median saving required was only £114. Money was not a critical factor for one percent of the respondents.

Minimum level of money consumers expect to save before considering switching their energy supplier in the United Kingdom (UK) 2014

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Source

Release date

February 2015

Region

United Kingdom

Survey time period

2014

Number of respondents

6,949 respondents

Age group

18 years and older

Method of interview

Telephone interview

Supplementary notes

Originally asked as: "What would be the minimum amount of money you would have to save to encourage you to switch your Gas/Electricity/Energy supplier?"

Base consists of people who thought it was possible or didn’t know whether it was possible to switch supplier and payment method.

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Statistics on "Energy consumer experience in the UK"

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