– One of the reasons for the large number of changes in September may be that many consumers received exceptionally high bills for August, due to a large increase in prices in the three southernmost price areas in August, says section manager Torfinn Jonassen.
The number of exchanges for the entire third quarter does not differ significantly from previous years. Compared to the third quarter of 2021 and 2020, households changed supplier by 7%. fewer times, about 9,2 thousand less changes.
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The market share of the ten largest energy suppliers is growing
At the end of the first quarter of 2019, the ten largest electricity suppliers accounted for 64% of household customers, since then their market share has increased. At the end of the third quarter of 2022, the ten largest electricity suppliers had 69 percent. consumers in households. The increase affects approximately 216 customers.
The end-user market in Norway has many energy suppliers. At the end of September, 87 energy suppliers had contracts with household consumers, of which 29 have over 10 customers. recipients. Low market concentration is an indicator of good competition in the market, and the end customer has good opportunities to switch supplier.
Source: NVE
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