Cardiff (PRWEB) January 8, 2009
Gareth Kloet, head of electricity and gas prices at Confused.com, has commented on ScottishPower's announcement that it is cutting the cost of gas on its PriceSure fixed energy plans:
"ScottishPower's price reduction could signal post-Christmas across-the-board reductions by energy companies. Yet, if this is the case, the 10% cut which ScottishPower has announced for its PriceSure tariff is not in the best interest of many consumers. If energy prices rise, this deal will dominate the best capped deals in every area for the average user. However, if prices fall, consumers could lose out. It is certainly worth reading the small-print before opting for rates which are initially perceived to be unrivalled.
"Once again, these changes illustrate the importance of shopping around for the tariff which is the most appropriate to customers' individual circumstances, most notably the regions they live in and their average energy consumption levels. Although ScottishPower's announcement represents a small incremental change, as opposed to wide-ranging root and branch reform, it is hoped that this will be the start of more providers dropping their rates. As a result, it could be prudent for customers to switch regularly in order to maintain a competitive tariff.
"There is a perception that energy comparison and switching energy providers is difficult and time consuming, but as long as customers know either how much they currently pay or how much energy they consume - both of which will be on their bills - they could make considerable savings on their energy costs, in just a few clicks."
For further information please contact:
Caroline Spindlove/ Anna Bowes. Confused.com: 02920 434 398
Gug Kyriacou/ Joanna Harte. Polhill Communications: 020 7655 0550
Notes to editors
Confused.com is one of the UK's 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 car insurance, 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 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.