LONDON, April 1, 2011 /PRNewswire/ -- Price comparison website comparethemarket.com agrees with regulator Ofgem's opinion that energy pricing for customers is 'complex and unfair'. In a report this week which referred to energy customers being 'bamboozled' by confusing tariffs, the message is clear that consumers are having to pay a lot for a vital resource that keeps on getting more expensive. The need to compare prices is greater than ever.
With all of the big energy providers having announced price increases since last November, household bills for the first quarter of 2011 are likely to be the highest customers have known. comparethemarket.com helped customers save almost 5m pounds on their household utility bills during 2010 and will help more do the same in 2011. With more customers coming to the site each day, and rising energy costs meaning potential savings can be even greater, the site expects its total for savings achieved through price comparison to be even higher this year.
"Switching is the thing to do," says Jeremy Moll, Commercial Director for comparethemarket.com. "Significant savings can be made by comparing products and prices online and ultimately changing energy supplier. By starting with an online comparison you can not only search your way through the maze of tariffs, deals and payment options but you can also see how much of a better deal you can get. We stand by our commitment to help people understand what their options and what the best deal for them looks like. This is what the regulator means when it speaks of playing it straight with consumers."
Jeremy Moll adds: "Energy prices are going up not down, and things are certainly tight at the moment. Price comparison sites are an easier way for customers to see if they are getting the best deal for them, and if they aren't to make sure they are! We are helping thousands of customers to save money and comparethemarket.com is there for them as the best service for finding a better deal on energy bills."
Working with some of the UK's biggest providers, comparethemarket.com constantly compares a range of the best deals and rates on the market to ensure that the customer gets the greatest saving for them.
- comparethemarket.com was launched in 2006 as a motor insurance comparison site, offering customers a wide range of competitively priced insurance quotes instantly online. It is now one of the UK's leading price comparison brands.
- As well as insurance, comparethemarket.com now also offers comparisons on credit cards, loans, current accounts and savings accounts.
- Comparethemarket.com has grown rapidly over the past three years from 50,000 monthly visitors to around 2 million a month.
- comparethemarket.com actively selects its brand partners to ensure quality service to consumers.