End of the 'Big Six' Energy Suppliers as the rise of challengers’ force Ofgem reclassification
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- Nov 25, 2020 12:44 pm GMTNov 25, 2020 9:30 am GMT
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The days of the 'Big Six' energy suppliers will soon be at an end after Ofgem announced that is to reclassify energy suppliers as challenger companies continue to snap up market share.
Big Six is over
Challenger energy suppliers such as Octopus Energy, Bulb and OvO have upturned the established order of things since they entered the market after introducing new tariffs, technology and customer service tools.
New technologies and software such as Dyball’s CRM software has made it cheaper and easier for new market entrants to compete with the big players on customer service, tariff offerings and flexibility.
More competition has also played its part with the most recent energy switching data showing that more consumers are moving away from the ‘Big Six’ to smaller challenger energy suppliers than ever before.