Scottish Power Challenges EON's Fixed Tariff Dominance

"The energy price war seems to have turned colder," says Confused.com.

Cardiff (PRWEB) May 2, 2009 -- Gareth Kloet, head of energy prices (http://www.confused.com/gas-electricity) at Confused.com, comments on Scottish Power's recently launched Online Energy Saver 5 tariff:

"Scottish Power has released a new capped tariff which is set to rival EON's competitive Fixed Online energy tariff."

"The new Online Energy Saver 5 tariff from Scottish Power is the cheapest capped tariff in six out of the fourteen regions across the UK, rivaled only by EON's Fixed Online tariff which was launched at the end of March. However, Scottish Power's new tariff will only be available to dual fuel customers who are willing to manage their accounts online."

"Despite this latest move in the energy price war signaling good news - and indeed more choice - for consumers, it must not go unnoticed that both EON and Scottish Power have chosen to 'lead' with competitive tariffs which are capped until June 2010. While this represents a good option for consumers who expect prices to rise over the course of the next year, or so, it is far more likely that energy companies are gearing up for some more price cuts over the next couple of months."

"The energy price war seems to have turned colder, of late, with weeks rather than days having passed between the latest price reductions, or introduction of new energy tariffs. We expect this to be the calm before the storm of renewed energy price warfare in the summer which can, again, only be good news for financially squeezed households which saw their energy bills rise by more than 40% last year."

"With a frenzy of price cuts expected to resume over the next couple of months, it is more important than ever to shop around for the best electricity and gas prices (http://www.confused.com/gas-electricity) on the market. In fact, the average customer who switched energy providers or tariffs with Confused.com saves a whopping £252.37."

For further information please contact:

Press office, Confused.com: 02920 434 398

Joanna Harte/ Gug Kyriacou, Polhill Communications: 020 7655 0550

Notes to editors

About Confused.com:

Confused.com is one of the UK's 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 car insurance (http://www.confused.com), 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 all of the 'big six' energy providers on its energy comparison (http://www.confused.com/gas-electricity) panel, customers can save £252.37* on their annual energy bill by switching with Confused.com

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 customers saved an average of £252.37 on their annual energy bill in 2008.

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