Energy switching rates reached an all-time high in 2019, with 25% of households making the switch. While this level of engagement is promising, concerns remain over the reliability and speed of switching. The energy companies are already paying out hundreds of thousands of pounds in compensation costs for erroneous transfers and non-compliance to the time frame, so how can they stop these from escalating in the wake of next-working-day switching in 2021?
The key to this is clean address data. With the Central Switching Service using AddressBase Premium to verify consumers’ addresses, it makes good sense for the energy companies to mirror this to ensure maximum efficiency.
Download our White Paper Easing the challenges of next-working-day switching with accurate address data.