U.K. Energy Customers Could Save by Shopping Around: CMA

U.K. energy customers could save hundreds of pounds a year by switching suppliers, the country’s antitrust authority said in a report that also warned that over-regulation that may thwart the emergence of new providers.

“Over 95 percent of the dual fuel customers of the six large energy firms could have saved by switching tariff and/or supplier and that the average saving available to these customers was between 158 pounds ($242) and 234 pounds a year,” the Competition and Markets Authority said in a report Wednesday. Some 19 million customers buy gas and electricity from the same provider, it said.