20 December 2017, 11:15

GoCompare comments on Ofgem's 'SVT League Table"

Ben Wilson, from GoCompare Energy commented; "Being on a supplier's standard variable tariff usually means you're on their worst possible deal and today's league tables show that millions of households across the country are currently paying way more than they should be for their energy.

“This must change. While pushing energy companies to do more for their customers is one important part of this, people also need to be encouraged to shop around and switch – which is how they can get the biggest savings.

"For instance, the average annual cost of a standard variable tariff (SVT)  across the UK's top 10 largest providers is £1,131. In comparison, the current cheapest fixed deal on the market is just £814, a difference of £317. This is real money, that every year millions of people are leaving on the table."

For more information on switching energy tariffs and to see how much you could save, visit; http://www.gocompare.com/gas-and-electricity/.

-ends-

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

 

 

Contact information

Martyn John

PR & Social Media Manager

01633 654725

Martyn.John@Gocompare.com

Notes to editors

About GoCompare

GoCompare is a product and price comparison service that helps people to save time and money on boring things like insurance, energy bills and other household outgoings, so that they have more to spend on interesting, fun things.

GoCompare is proudly independent, free and fair. We aren’t owned by an insurer, we don’t charge our customers for using our service and we never accept adverts or sponsored listings. This means all the comparisons we make are totally unbiased and won’t cost our customers a single penny to use.

Speaking of pennies, yes we do make money. We use that money for things like paying our people, keeping the lights on and investing in new and innovative ways to make our comparison service better for our customers. 

However, what we get paid won’t affect the price you pay and you won’t find it cheaper by going direct - that’s a promise. We also never make money by selling any customer data, which means your information is safe with us.

Since we launched in 2006, we’ve saved our customers billions of pounds and we’re not done yet, not by a long way. We reckon that there are billions out there still to be saved by switching, and we want to help the UK take it back. We’ll do that by working with our carefully selected partners to get you value for money deals and make switching easier than ever before.

We’re the only comparison site to be invited to join the British Insurance Brokers’ Association (BIBA). We were extended this honour by BIBA due to our commitment to finding our customers the right cover, so you’re in good hands.

In 2016 GoCompare listed on the London Stock Exchange as Gocompare.com Group plc (GOCO), and we are authorised and regulated by the Financial Conduct Authority (FCA).

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