05 July 2018, 12:01

GoCompare comments on EDF Energy’s second price hike of the year

Georgie Frost, consumer advocate at GoCompare Energy, comments on the second energy price increase this year from EDF Energy:

“As the country basks in a heatwave and the feelgood factor of an exciting sporting summer, energy suppliers know gas bills will be the furthest thing from our minds.

“Today’s announcement from EDF Energy  is the second price hike this year for EDF customers and serves as a fresh reminder to take five minutes to shop around for a better deal.

“The company say those on a variable tariff, which accounts for around 40% of their customers will be impacted. This means around 2 million people who are already on what is generally the most expensive tariff will see their bills get even higher.

“EDF are saying the rise will add around £70 to the average bill, but remember, this is a double whammy price hike, with EDF customers already seeing a £16 increase earlier this year, so customers who don’t switch will actually be paying £86 a year more for their energy than they were at the start of 2018.

“People shouldn’t just accept this. There are some great deals to be had by switching which could save households hundreds of pounds - enough for a new TV to watch England play in the World Cup final or a holiday abroad to get away from it all!”

- ENDS -

For further information please contact:

Anders Nilsson or Martyn John or Louisa Marsden at GoCompare on 01633 654 054 / 01633 654 725 / 01633 655132

Gordon, Jason or Liz at MAW Communications on 01603 505 845

Keep up-to-date with GoCompare on Twitter: @GoCompare

 

About GoCompare

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).

For more information visit www.gocompare.com and www.gocomparegroup.com

Contact Information

Louisa Marsden

louisa.marsden@gocompare.com