LONDON, August 24, 2012 /PRNewswire/ --
Following the announcement by Scottish and Southern Energy (SSE) that their energy prices will rise by 9%*, comparethemarket.com are expecting more visitors to compare and switch online in the coming weeks.
Jeremy Chadwick, Commercial Director at comparethemarket.com said: "This latest price rise will spike energy bills for thousands of households. We have already seen a surge in customers comparing energy prices since SSE's announcement, with record numbers of customers using comparethemarket.com to help them save money. Now is the perfect time to compare energy tariffs . comparethemarket.com offers a no-cost quick and easy way to compare energy providers from across the market."
Mark Todd, director at Energyhelpline.com, said: "This is a total shock and will come as a massive blow to cash-strapped consumers praying for price cuts - not rises. It'll be a double whammy, arriving just as the cold weather kicks in.
"The track record is that other Big Six suppliers will follow suit. This is a very strange price rise though and has caught everyone by surprise. E.ON has committed to hold prices all year so at least they won't be following anytime soon. But it's worth remembering that British Gas and ScottishPower both warned of possible price rises earlier in the year.
"We had seen a few small price cuts lately from Ovo, Good Energy and EDF but the fact is that even the cheapest tariffs have jumped by almost 20 per cent in the last two years. The sad truth is that bills just keep on rising.
"We would recommend that now is the time to switch to a fixed rate tariff to protect against any further price rises and get on a low rate for the winter."
Specialising in more than just energy prices, comparethemarket.com provides customers with an easy way to find the right deal on a wide range of insurance and financial products including home insurance, van insurance, bike insurance, life insurance, pet insurance and credit cards. It also offers comparisons for a range of household utilities including electricity, gas, phone, broadband and digital TV.
- comparethemarket.com was launched in 2006 and has grown rapidly over the past six years to become one of the UK's leading price comparison websites.
- comparethemarket.com provides customers with an easy way to make the right choice for them on a wide range of products including motor, home, life, travel and pet insurance as well as utilities and money products such as, credit cards and loans.
- comparethemarket.com actively selects its brand partners, working with the best and most trusted organisations to ensure quality service to consumers.
comparethemarket.com is a trading name of BISL Limited. BISL Limited is authorised and regulated by the Financial Services Authority.
Registered Address: Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS. Registered in England number 3231094.