“British Gas has bookended a very cold Winter with two significant energy price rises. It was only on 15 September 2017 that they increased dual fuel prices by 7.3%, so customers are facing their second price hike in just 8 months - a total increase of 12.8%.
“Hundreds of thousands of British Gas customers voted with their mouse after the September rise and we can expect more to click and switch again following this news.
“What tends to happen when one big six energy provider increases prices, is that the rest follow in fairly quick succession.
“This is likely to be the starting gun for a fresh round of tariff rises, meaning all big six energy customers should be ‘on their marks’ and getting ready to switch.”
Dual fuel customers who shop-around and switch energy provider with GoCompare typically save £210 a year on their energy bills.*
For more information on switching energy provider visit: http://www.gocompare.com/gas-and-electricity/
For further information please contact:
Anders Nilsson or Martyn John at GoCompare on 01633 654 054 / 01633 654 725
Gordon, Jason or Liz at MAW Communications on 01603 505 845
Keep up-to-date with GoCompare on Twitter: @GoCompare
Notes to editors:
*Based on customers who provided their energy usage and received a price for switching energy supplier for both gas and electricity (dual fuel) using GoCompare during 1 October to 31 December 2017. At least 51% of customers who received a price for switching energy supplier for both gas and electricity with GoCompare saved £210 or more.
GoCompare is a comparison website that enables people to compare the costs and features of a wide variety of insurance policies, financial products and energy tariffs.
GoCompare does not charge people to use its services, and it does not accept advertising or sponsored listings, so all product comparisons are unbiased. GoCompare makes its money through fees paid by the providers of products that appear on its various comparison services when a customer buys through the site.
GoCompare does not sell its customers’ data.
When it launched in 2006, it was the first comparison site to focus on displaying policy details rather than just listing prices, with the aim of helping people to make better-informed decisions when buying their insurance. GoCompare has remained dedicated to helping people choose the most appropriate products rather than just the cheapest, and has teamed up with Defaqto, the independent financial researcher, to integrate additional policy information into a number of its insurance comparison services. This allows people to compare up to an extra 30 features of cover.
GoCompare is the only comparison website to be invited to join the British Insurance Brokers’ Association (BIBA) and is authorised and regulated by the Financial Conduct Authority (FCA).