Smaller Suppliers the New Changing Face in the Energy Market

The mains supplied natural gas in the UK household and businesses hold great importance with the people. Nearly 80% of the total popular in the UK has been using mains-supplied natural gas. As a result, the domestic and commercial mains gas has become in great demand in the competitive market.

Understanding Big Six

It would not be wrong to suggest that a major share of the natural gas market has been under the control of few large suppliers called the Big Six. The Big Six comprises suppliers such as British Gas, Scottish Power, SSE, Npower, EON and EDF.

Changing face of the energy market

Big Six has been losing its grip on the natural gas market. It would not be wrong to suggest that nearly 163,000 customers have been known to leave the Big Six and started relying on smaller suppliers. The change had started since the beginning of the year 2017. It would be pertinent to mention here that nearly 1.1 people have already lost confidence in the Big Six and left them during the first quarter of 2017. The customers showed more confidence in smaller companies.

Profits maintained despite customer loss

The customers leaving the Big Six coincided with British Gas increasing its electricity prices by nearly 12.5% in September 2017. Nonetheless, the price hike proved beneficial to British Gas and the competitors in maintaining healthy profit despite losing customers.

What do the challengers offer?

In case, the homes and businesses have been looking forward to changing their service providers other than Big Six, a lot could be gained from changing to smaller challenger firm. They would help you save money. Flogas Britain has been a popular firm in UK. They have gained huge respect in the market for their wide experience in the energy industry. They specialize in gas mains for businesses and off-grid solutions.

Post Author: Makay Oliue