Switching Energy Suppliers In Twenty Four Hours
I was trained as a Control Engineer, and know that the quicker you can make adjustments to a system, the faster it will stabilise. So the aim of being able to switch energy suppliers in 24 hours, would have the effect of stabilising prices, at a level acceptable to both suppliers and customers. It is unlikely that prices would rise because of this, as why would a customer switch to a more expensive supplier?
So hopefully prices will fall.
I can also see, why the Big Six do not want 24-hour switching. It’s curtains for a CEO, who brings it in, as there would be tremendous resistance and instant flight on the part of customers to the raising of prices.
[…] Incidentally, this supplier changeover seems to be taking forever. I assume this has been designed into the system, to discourage people from changing. After all, if you could change instantly, that would drive prices down. I said why here. […]
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