'Big six' energy firms lose further market share

'Big six' energy firms lose further market share
 

Britain's big six energy companies are continuing to lose market share to smaller independent suppliers, new figures show. Added together, the large suppliers now have 92.4% of the market, down from 99.8% five years ago.
In other words, independent suppliers have increased their share from just 0.2% to 7.6% over the same period.
The largest independent has grown ten-fold in just three years, and now has more than a million customer accounts.
Many of the smaller firms claim to offer cheaper bills than the big six suppliers.
If the trend continues, it may reduce pressure on the competition... read more

 
8 September 2014 in Business, Views: 35
Source: BBC
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