Confused.com Finds EDF's Gas Price Rise Could Cost UK Customers Dearly
Released on: September 19, 2011, 4:15 pm
Confused.com has revealed that EDF Energy's recent price rise
announcement could cost UK energy customers over £100 per household.
This announcement has seen gas prices rise by 15.4% and electricity prices rise by
4.5%. EDF's energy prices have increased by £116 on its standard cash/cheque tariff
effective from 10th November 2011.*
The Big 6 energy suppliers price rises mean an average increase of £160 per year to
an average standard bill paying by cash or cheque, increasing from £1,132 to £1,292.**
EDF was the last of the major energy suppliers to announce its price rise, which is
set to affect 3.2m customers. However, more than 25m households are expected to see
an average of £160*** added onto their gas and electricity bills from 10th November
Lisa Greenfield, energy analyst at Confused.com said: "Now that all the major
supplies have shown their cards, consumers are now in a position to make an informed
decision on switching their gas and electricity without fear that their chosen tariff
could go up in a few months' time.
"There are always ways to reduce your fuel bills, such as considering a dual fuel
tariff, paying by direct debit and managing your account online. If you are
concerned about future rises, a fixed of capped tariff will offer price security
although you'll be paying over the odds if prices fall. Of course, cutting down
the amount of energy you use and investing in some energy efficiency measure will
reduce your bills even further and continue to save you money in future."
More information on energy prices and household utilities comparison can be found on Confused.com's website.
Confused.com was the UK's first price comparison site for car insurance.
Confused.com is one of the biggest and most popular price comparison services.
Launched in 2002, it generates over one million quotes per month. It has expanded
its range of comparison products over the last couple of years to include home
insurance, travel insurance, pet insurance, van insurance, motorbike insurance,
breakdown cover, as well as financial services products including credit cards,
loans, mortgages and life insurance. Confused.com also covers various energy
tariffs, allowing customers to compare green energy, gas and electricity prices.
Confused.com is not a supplier, insurance company or broker. It provides a free,
objective and unbiased comparison service. By using cutting-edge technology, it has
developed a series of intelligent web-based solutions that evaluate a number of risk
factors to help customers with their decision-making, subsequently finding them
great deals on a wide-range of insurance products, financial services, utilities and
more. Confused.com's service is based on the most up-to-date information provided
by UK suppliers and industry regulators.
Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock
Exchange in September 2004. Confused.com is regulated by the FSA.
Confused.com press office
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