Good Deals for Consumers as Energy Providers Announce Price Decreases

Last autumn saw unprecedented energy price rises, with households receiving up to a 19% increase in gas bills and up to 16% on electricity prices compared to the previous year*. According to the BBC, the increase in energy costs was a large reason for the record high in inflation in September, the highest annual rate since June 1991.[1]

Last autumn saw unprecedented energy price rises, with households receiving up to a 19% increase in gas bills and up to 16% on electricity prices compared to the previous year*. According to the BBC, the increase in energy costs was a large reason for the record high in inflation in September, the highest annual rate since June 1991.^[1]

However, at the beginning of 2012 British Gas bucked the trend and announced a 5% decrease in electricity prices*. Following this announcement the other main suppliers, including E.ON, EDF, NPower announced decreases too.

To help consumers take advantage of the falling prices, comparethemarket.com offers a quick and easy service to compare energy providers and find the lowest prices. comparethemarket.com brings together the rates available from a range of the leading suppliers, enabling consumers to see at a glance how much they can save.

Andrew Stocks, Director at comparethemarket.com said: "Though the recent price cut announcements do not fully compensate for last year's rises, consumers can still benefit from lower bills. People should take care to compare energy providers and avoid paying the high prices from last year. For households looking for a better deal, using a price comparison website like comparethemarket.com can help save time and money."

Specialising in more than just car insurance, 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.

*http://www.bbc.co.uk/news/world-16587136 

^[1]http://www.bbc.co.uk/news/business-15344297

About comparethemarket.com

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