Co-operative Energy sees customer base increase following Big Switch
Published on : 19/06/2012
Compare all energy suppliers
9 out 10 can save money!
Co-operative Energy has revealed that it has doubled in size having won Which?'s Big Switch auction in May, according to an article published on the Co-operative News.
The first scheme of its kind the United Kingdom, the Big Switch allowed suppliers - including the big six energy companies - to compete against each other in a reverse auction for those signed up; suppliers bid for consumers using their most competitive tariffs.
Having won the auction, which took place on 14 May, Co-operative Energy's customer base has now doubled in size - with 26,000 customers making the switch as a result of the Big Switch auction. The supplier has also revealed that it now supplies around one in every 500 households.
Nigel Mason, Co-operative Energy's business development manager, commented on the Big Switch scheme.
He said: "This was the first large scale collective buying scheme in the UK. Twenty-six thousand customers switching to Co-operative Energy is a big boost for us. It gives us more buying power when negotiating on wholesale energy markets and so keeps costs down for consumers. The more people who join us, the great clout we have to get consumers a better deal."
Latest gas and electricity news brought to you by UK Power - the energy price comparison site.