While the 3.3% price cut is a welcome move for 1.8 million of E.ON's gas customers, it's just a drop in the ocean. It's about £2 less each month for customers using an average amount of gas, so it's not going to make a huge difference to consumers struggling with their household budgets.
Cardiff (PRWEB) August 12, 2009
E.ON announces a price decrease equivalent to 3.3% for gas impacting 1.8m of their customers.
Gareth Kloet, head of energy prices at Confused.com, said: "While the 3.3% price cut is a welcome move for 1.8 million of E.ON's gas customers, it's just a drop in the ocean. It's about £2 less each month for customers using an average amount of gas, so it's not going to make a huge difference to consumers struggling with their household budgets."
"It is, however, encouraging that despite wholesale costs rising, an energy company is cutting its electricity and gas prices in advance of the winter. Those on capped rates won't benefit but electricity only customers may want to consider switching to a dual-fuel tariff to take advantage of the reduced prices."
"Our message is simple: if customers want to make larger savings, they need to take matters into their own hands and choose a supplier and tariff that rewards them for their custom. 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 substantially better savings. Customers do not need to wait until the price changes become effective; they can and should act today."
"Customers who switched with Confused.com saved an average of £252 on their annual energy bill in 2008."
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Notes to editors
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 home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy comparison, 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.