Quantcast
Last updated on April 19, 2014 at 21:20 EDT

Good Deals for Consumers as Energy Providers Announce Price Decreases

March 19, 2012

LONDON, March 20, 2012 /PRNewswire/ –

Throughout January, February and March the main energy providers have announced price
decreases following last year’s price hikes*. However, most consumers are failing to check
price comparison websites to see if they can make savings and are still paying high
tariffs, according to comparethemarket.com, one of the leading comparison websites.

Last autumn saw unprecedented energy price rises, with households receiving up to a
19% increase in gas bills and up to 16% on electricity prices
[http://www.comparethemarket.com/energy/electricity ] compared to the previous year*.
According to the BBC, the increase in energy costs was a large reason for the record high
in inflation in September, the highest annual rate since June 1991.[1]

However, at the beginning of 2012 British Gas bucked the trend and announced a 5%
decrease in electricity prices*. Following this announcement the other main suppliers,
including E.ON, EDF, NPower announced decreases too.

To help consumers take advantage of the falling prices, comparethemarket.com offers a
quick and easy service to compare energy providers [http://www.comparethemarket.com/energy
] and find the lowest prices. comparethemarket.com brings together the rates available
from a range of the leading suppliers, enabling consumers to see at a glance how much they
can save.

Andrew Stocks, Director at comparethemarket.com said: “Though the recent price cut
announcements do not fully compensate for last year’s rises, consumers can still benefit
from lower bills. People should take care to compare energy providers and avoid paying the
high prices from last year. For households looking for a better deal, using a price
comparison website like comparethemarket.com can help save time and money.”

Specialising in more than just car insurance, comparethemarket.com provides customers
with an easy way to find the right deal on a wide range of insurance and financial
products including home insurance, van insurance, bike insurance, life insurance, pet
insurance and credit cards. It also offers comparisons for a range of household utilities
including electricity, gas, phone, broadband and digital TV.

*http://www.bbc.co.uk/news/world-16587136

[1]http://www.bbc.co.uk/news/business-15344297

About comparethemarket.com

        - comparethemarket.com was launched in 2006 and has grown rapidly over the
          past six years to become one of the UK's leading price comparison websites.
        - comparethemarket.com provides customers with an easy way to make the right
          choice for them on a wide range of products including motor, home, life, travel and
          pet insurance as well as utilities and money products such as, credit cards and loans.
        - comparethemarket.com actively selects its brand partners, working with the
          best and most trusted organisations to ensure quality service to consumers.

comparethemarket.com is a trading name of BISL Limited. BISL Limited is authorised and
regulated by the Financial Services Authority.

Registered Address: Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2
6YS. Registered in England number 3231094.

SOURCE comparethemarket.com


Source: PR Newswire