The price is most definitely right for those with an itching to switch and the incentive is certainly increasing as the gap between standard rates and the best online tariffs widens and the benefits increase for those wishing and hoping for cheaper energy bills when prepared to shop for them.
Cardiff, UK (PRWEB) March 26, 2010
Gareth Kloet, head of energy prices at Confused.com, comments on a new energy tariff that offers great value for consumers:
"First Utility's new iSave V3 tariff averages out at £889, displacing British Gas after only two weeks as the nation's cheapest with a £10 margin.
"Best buy in 7 out of 14 regions and with no cancellation fee, the only obstacle to this offer is that its available to home owners only. Midlands customers will benefit from an alternative tariff - Smart Online saver V4 which comes with a free smart meter and is slightly cheaper than the iSave.
"If ever more proof was needed that there is a price war between the big six then this is surely it. Despite making wide ranging cuts, British Gas only held on to the country's top spot for a matter of weeks before a new contender swooped in with a challenge - although the remaining suppliers have not been quick to follow suit when it comes to reducing standard electricity and gas prices. Whilst the rates have plummeted 18% since this time last year for the best buys, standard tariffs have come down less than 3%.
"The price is most definitely right for those with an itching to switch and the incentive is certainly increasing as the gap between standard rates and the best online tariffs widens and the benefits increase for those wishing and hoping for cheaper energy bills when prepared to shop for them."
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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, 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.