You might be inspired to consider changing energy suppliers to see if you can save yourself some money, after hearing how last year a record 5.5 million customers decided to do just that. There must be something in it if so many people are choosing to switch companies, after all!

New research from Energy UK has revealed that more than 400,000 people decided to switch in December 2017 alone, with millions choosing to switch to better deals with their current suppliers as well.

Everyone feels the pinch in the new year after the self-indulgence of Christmas, so finding ways you can claw back a bit of cash to make the rest of the year easier is certainly a wise idea. You have almost 60 different energy companies to choose from and competition over the last few years has meant that there are lots of great deals to take advantage of… if only you’d decide to switch.

Chief executive of Energy UK Lawrence Slade said: “It is tremendous to see switching surpassing all expectations during 2017. Every year more and more customers are seeking out a better deal and potentially saving themselves hundreds of pounds a year.”

Ben Wilson, spokesman for price comparison site GoCompare Energy, commented on the results, saying that while this increase is definitely to be celebrated, many people are still not taking responsibility for their energy bills.

Further research from GoCompare showed that 32 per cent of households haven’t switched gas or electricity – and as such, they’re paying more than £930 million more each year for energy compared to those who do switch.

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