There`s Never Been a Better Time to Change Energy Tariff, Says Confused (dot) com
Released on: September 16, 2008, 9:04 am
Press Release Author: Caroline Spindlove
Press Release Summary: 11.8 million people hit by latest energy price rises Ė
Changing tariffs now could save UK consumers £6.8 billion per year Ė *
Press Release Body: Gareth Kloet, product director at Confused.com, the UKís leading price comparison website, responds to npowerís and Scottish Powerís recent energy price rises, which will hit an estimated 11.8 million customers. These latest announcements follow price rises by Scottish and Southern, British Gas, EON, and EDF:
ďDespite the fact that all of the ĎBig Sixí providers have now raised their href="http://www.confused.com/gas-electricity">energy prices, supplier prices are still in a state of continuous flux. In fact, it has never been more important to make informed decisions when it comes to changing energy tariffs, based on personal circumstances.
ďWhile capped tariffs will offer insurance against future rises in href="http://www.confused.com/gas-electricity">energy prices, it is important to note that customers will pay for this fixed-price assurance. This makes the cost 20% higher, on average, than that of uncapped deals. While uncapped deals, in the current climate, will result in the most significant savings, there is no guarantee that these prices will remain as competitive and attractive in the near future. It is important to also consider online deals and paying by direct debit, as companies often offer discounts to customers who elect to use these methods.
ďThere is scope for saving money if you act fast and change supplier or tariff as soon as possible; however, it may be best to stick to one of the ĎBig Sixí suppliers, as volatile price fluctuations have forced smaller suppliers out of the market in the past.Ē
For further information please contact:
Caroline Spindlove/ Anna Bowes Confused.com 02920 434 398
* Savings based on results taken on 18/08/2008 for an annual consumption of 3,300 kWh for electricity and 20,500 kWh gas (medium consumption) comparing all regionsí Ďstandardí bill (where they are with British Gas for their gas and the host supplier for their electricity) and the cheapest tariff available. Number of households which have not switched is provided by Ofgem in the Domestic Retail Market Report 2007.
Confused.com is one of the UKís biggest and most popular price comparison services. Launched in 2002, it dominates the car insurance aggregator market with a massive 70% market share and 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 and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.
Confused.com has 74 motor insurance partners, and customers can save up to on average £208. It also has a panel of 55 for home insurance, and customers who use Confused.com for home insurance can expect to save up to £193.
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.comís 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.