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comparethemarket.com Expecting More Consumers To Visit Price Comparison Sites As Scottish And Southern Energy Raise Prices

August 24, 2012

LONDON, August 24, 2012 /PRNewswire/ –

Following the announcement by Scottish and Southern Energy (SSE) that their energy
prices will rise by 9%*, comparethemarket.com [http://www.comparethemarket.com/energy ]
are expecting more visitors to compare and switch online in the coming weeks.

Jeremy Chadwick, Commercial Director at comparethemarket.com said: “This latest price
rise will spike energy bills for thousands of households. We have already seen a surge in
customers comparing energy prices since SSE’s announcement, with record numbers of
customers using comparethemarket.com to help them save money. Now is the perfect time to
compare energy tariffs . comparethemarket.com offers a no-cost quick and easy way to
compare energy providers from across the market.”

Mark Todd, director at Energyhelpline.com, said: “This is a total shock and will come
as a massive blow to cash-strapped consumers praying for price cuts – not rises. It’ll be
a double whammy, arriving just as the cold weather kicks in.

“The track record is that other Big Six suppliers will follow suit. This is a very
strange price rise though and has caught everyone by surprise. E.ON has committed to hold
prices all year so at least they won’t be following anytime soon. But it’s worth
remembering that British Gas and ScottishPower both warned of possible price rises earlier
in the year.

“We had seen a few small price cuts lately from Ovo, Good Energy and EDF but the fact
is that even the cheapest tariffs have jumped by almost 20 per cent in the last two years.
The sad truth is that bills just keep on rising.

“We would recommend that now is the time to switch to a fixed rate tariff to protect
against any further price rises and get on a low rate for the winter.”

Specialising in more than just energy prices, 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.independent.co.uk/money/spend-save/energy-firm-to-raise-prices-by-9-per-cent-80

73694.html]
[http://www.independent.co.uk/money/spend-save/energy-firm-to-raise-prices-by-9-per-cent-8073694.html ]

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