Confused.com Comments on EDF's Energy Price Cuts

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"Energy companies make small gestures," says Gareth Kloet.

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Switching through comparison sites will not cost consumers anything but a few minutes of their time, especially if they are currently in credit, but it could save consumers significant amounts of money and, crucially, could encourage energy providers to become more competitive in the future.

Following hot on the heels of Scottish & Southern Energy's announcement of its forthcoming energy price reductions, EDF's pledge to reduce its Annual Fix from a national average cost of £1,173.05 to £1,107.71, is similarly disappointing.

Gareth Kloet, head of energy prices at Confused.com, says: "While EDF has reduced the price of its Annual Fix tariff, this is yet more evidence of energy companies making small gestures, when it comes to alleviating pressure on their customers, rather than opting for wide-ranging reform which could benefit millions.

"Unfortunately, it is evident that the remaining energy companies, which have not already made changes to their retail prices, are in no hurry to do so. Confused.com would recommend that customers switch to a better tariff, or energy provider, as soon as possible, by comparing electricity and gas prices for the best deals on the market.

"It will not benefit consumers to hang around in the hope that their supplier will drop the price of the tariff that they are on. As long as customers choose tariffs which will not penalise them with exit penalties, there is no reason why they cannot switch now and then switch again once all of the 'big six' energy companies have shown their hands.

"Switching through comparison sites will not cost consumers anything but a few minutes of their time, especially if they are currently in credit, but it could save consumers significant amounts of money and, crucially, could encourage energy providers to become more competitive in the future."

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, 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 panel, customers can save £240* 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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Caroline Spindlove
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