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More and more people are switching their energy suppliers as they look for cheaper deals in the wake of a series of price increases, it has been revealed.

The industry watchdog Ofgem reports that as many as five million people changed their energy supplier last year, which in many cases will have been prompted by a desire not to add to existing debt management problems.

On average, household energy bills have risen by as much as 15 per cent so far in 2008 and Ofgem has welcomed the increase in switching activity witnessed in recent months.

Tim Wolfenden, head of home services at uSwitch.com, said: "Great strides have been made, but perhaps now is the right time to pause a moment to make sure that consumers are staying in step and that the vulnerable are not being left behind."

Earlier this week, a report from the Post Office showed that many people in the UK are either to out of pocket or too indebted to add to any kind of savings vehicle.

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