Consumers Get Switching As Energy Price Rises Hit Home

LONDON, November 22, 2011 -

With the last of the ‘big six’, EDF Energy, increasing its prices on 10th November 2011, price comparison websites are seeing an increase in visitors as consumers are hit with higher energy bills, according to comparethemarket.com.

While the Government has reacted to the energy price rises by encouraging companies to speed up switching and make tariffs simpler and easier to compare, comparethemarket.com warns that the switching process can take up to 7-8 weeks. This means that November could be the last chance for many households to get on a cheaper tariff for the start of 2012.

Jeremy Moll, Commercial Director at comparethemarket.com said: “With the start of the cold weather and increased energy prices, we expect to see many more householders visiting comparethemarket.com looking for savings on gas and electricity.  We’ve made it easy for consumers to compare energy deals at the click of a button.”  

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.

About comparethemarket.com

• 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 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 3 million a month.
• comparethemarket.com actively selects its brand partners 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.

Holly Dedman at Good Relations, Tel: +44(0)20-7861-3106, Email: hdedman at goodrelations.co.uk.