Ofgem vows to make process easier, raising hopes of increased competition and an end to the dominance of the ‘big six’ firms

Householders will be able to switch energy suppliers within three days by the end of this year under major new rules for the industry to be unveiled on Monday by the regulator, Ofgem.

The watchdog said it will also make the switching process much more easy and reliable, while revealing it is already working on a 24-hour switching system to be ready by 2018.

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