(PRWEB UK) 18 October 2013
As British Gas, the second of the big energy suppliers announces plans to increase prices by 9.2%, Over50choices warns against taking the Prime Minister’s advice on switching energy supplier.
With news of further energy price hikes as British Gas announces plans to put its prices up by a breathtaking 9.2%, Over 50s personal finance specialists Over50choices warns against taking the Prime Minister, David Cameron’s advice that customers who are not happy should try to get a better deal by switching energy supplier. Having described the announcement as ‘very disappointing,’ Mr Cameron also reiterated the Government’s future plans to make tariffs less confusing and ensure customers are placed on the lowest option.
Speaking on behalf of Over50choices, MD Ashley Shepherd said, “Whilst David Cameron’s advice is well meant, he should have pointed out that only customers wanting a fixed energy deal with guaranteed prices should switch. Those customers who prefer a variable tariff would be far better to wait and watch what happens over coming weeks. 2 of the big 6 energy suppliers have already announced price increases; more will follow. You don’t want to switch to a lower variable tariff with another supplier today, only to find they increase their prices tomorrow.”
A fixed rate is one where the customer is locked into a contract for an agreed period in return for a guaranteed price for their energy that won’t be affected by price increases.
Ashley goes on to say “given that energy prices look set to continue increasing for the foreseeable future, a fixed deal is worthwhile if you are looking for reassurance of guaranteed fuel bills. If you are interested in a fixed energy deal, now is the time to act. If you prefer variable, wait until the market settles down, then compare prices with a regulated energy comparison service like the one at Over50choices and switch.”
These days switching energy supplier online is a relatively quick and straightforward process.
Comparison sites show costs and savings for numerous suppliers giving customers the opportunity to select a tariff that offers the best deal for their needs, whether that is based on price, security or both.
For more information on Switching Energy Supplier and guidance on energy tariffs, visit http://www.Over50choices.co.uk.