British Gas Consolidates its Position at the Top of Best Buy Tables with 10% Price Cuts, Says Confused.com
"These latest reductions now place the WebSaver 3 tariff firmly at the top of the energy 'best buy' tables."
Cardiff (PRWEB) May 9, 2009 -- Gareth Kloet, head of energy prices at Confused.com, comments on British Gas's decision to ease the financial burden for 4.5million customers, by reducing its standard electricity prices by 10%:
"British Gas's latest announcement reaffirms its position as the cheapest electricity supplier in Britain, with rates of up to £111 less than those provided by some local suppliers. Following hot on the heels of its 10% February price cuts for gas, British Gas customers will now save an average of £132 on their dual fuel annual bills
"In order for customers to make the most of these recent price cuts, they should opt for British Gas's WebSaver 3 tariff which was launched today and tracks 6% below the new standard tariff prices, until August 2010. This means that whether prices go up, down, or remain the same, customers will pay a minimum of 6% less than the standard tariff prices. The only catch is that customers will have to pay a fee of £30 for gas and £30 for electricity should they cancel the tariff before December 2009. They will also need to manage their bills online.
"As the largest energy provider in the UK, any reduction in prices by British Gas is welcome news to new and existing customers, who also have their electricity with them. These latest reductions now place the WebSaver 3 tariff firmly at the top of the energy 'best buy' tables. British Gas has certainly thrown down the gauntlet to its rivals, and we will be watching the market closely to see how the other energy companies will respond to the latest maneuver in the energy price war.
"However, it is difficult to know if these cuts are the shape of things to come as any price changes by other providers are more likely to depend on acquisition strategies for customer growth, than on current market prices. Only today, E.ON launched an extension to its fixed tariff that suggests that it doesn't think that prices will fall in the near future. It therefore makes sense for customers to opt for the highly competitive WebSaver 3 tariff which promises to track a further 6% below even the standard rate cuts.
"British Gas really seems to be upping its game, in the battle for energy custom, and the fact that 4.5 million customers will benefit from these price cuts is great news. However, British Gas boasts 10.1 million customers which means that there are almost 6 million customers who could benefit still further. We would advise all energy customers to review their current tariff and provider, and ensure they are getting the best deal available on the market. Energy comparison and switching providers has never been easier, or more important, in order to ensure that customers are not overpaying for their energy, and British Gas has just made the reason even more compelling!"
For further information please contact:
Gareth Kloet Press office, Confused.com: 07966 722063/02920 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 £252* 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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