Confused.com Comments on Scottish Power's Energy Price Cuts

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Scottish Power is only the second provider to announce reductions across both gas and electricity and follows British Gas' lead.

The announcement by Scottish Power that it is set to reduce its electricity and gas prices from 31 March 2009 is welcome news for households across the UK who are struggling to meet their energy bills.

Gareth Kloet, head of energy prices, at Confused.com, says: "Whilst Scottish Power has announced price reductions of 7.5% for gas and 3% for electricity, customers are still paying, on average, over £1000 per year for their energy.

"At this point, five of the big six energy providers have announced price reductions, with four all coming in to effect on 31 March 2009. We would urge customers to consider today's announcement as a wake up call to shop around and switch to a more competitive provider or tariff. The key is to switch early in order to take full advantage of the reductions as soon as possible.

"The message is simple; there is no benefit in waiting around for the reductions to take effect. If customers want to make savings as soon as possible, they need to take matters into their own hands and choose a competitive supplier and tariff now.

"In some cases, they may not even need to switch supplier - simply moving to an online dual fuel tariff and paying by direct debit can bring substantial savings. Customers don't need to wait until the price changes become effective; they can and should act today as it can take up to 28 days for energy suppliers to complete the switch. Energy comparison sites will not cost consumers anything but a few minutes of their time but it could save consumers significant amounts of money and, crucially, could encourage 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 £250* 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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