Product category:
General insurance
News Release from: Moneysupermarket.com | Subject: Energy price
Edited by the Insidemoneytalk Editorial
Team on 19 February 2007
Energy price war hots up as British Gas
strikes back on dual fuel and gas prices
Commenting on British Gas' second wave of price cuts in seven days, Paul Schofield, head of utilities at moneysupermarket.com, said:
"Powergen made tactical price cuts yesterday to become cheapest in certain key regions including London, the North West and Scotland, but already British Gas has struck back with a move that will make its Click Energy 21 product the cheapest nationwide This dual fuel offering is the first on average across all regions to drop below GBP800, standing at GBP784 for the average customer, the cheapest of the big six energy suppliers
This article was originally published on Insidemoneytalk on 26 Feb 2007 at 8.00am (UK)
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moneysupermarket.com comments on today's trading statement from Centrica
Commenting on today's trading statement from Centrica, Paul Schofield, head of utilities at moneysupermarket.com, said:
"This rapid reaction suggests the largest supplier in the energy market, with over ten million customers, is intent to remain the cheapest in all regions, and will continue to undercut its competitors to reclaim some of the market share lost in recent years.
It sends a strong signal both to other suppliers and to UK households that after months of overpriced stagnation the energy market is finally becoming competitive once again." Online price wars: Based on a medium usage (Gas 20,500kwh, Electric 3,300kwh) dual fuel customer paying by monthly direct debit, moneysupermarket.com 16/02/07 moneysupermarket.com is making a stand to help these people ditch their expensive power companies and get the cheapest energy deal by offering GBP30 cash-back to all customers swapping to a dual fuel tariff through its service.
Those not going for a dual fuel tariff but changing a provider or tariff will benefit from a single GBP17.50 payment2.
moneysupermarket.com is a website where consumers can compare the cost of personal finance products and apply online.
The website has more than 25 different channels including utilities.
Visit www.moneysupermarket.com for more information.
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