moneysupermarket.com comments on Ofgem's observations of the energy market

Commenting on Ofgem's decision to shame suppliers who fail to pass on savings to their customers, Paul Schofield, head of utilities at moneysupermarket.com, said: wholesale gas prices fell last year.

"The delays we have seen in reducing energy prices from certain suppliers has been indefensible given that wholesale gas prices began to fall last year" "We echo Ofgem's calls for consumers to shop around.

"By remaining on a dual fuel tariff but opting to manage their account 'Online', 'Standard' tariff Scottish Power and EDF customers could save an average of 14 per cent on their energy bills or £130 a year." * The table below shows the difference between the cheapest and most expensive 'Standard' tariff supplier for each region.

This is based on a medium usage (Gas 20,500kwh, Electric 3,300kwh) dual fuel customer paying by monthly direct debit.

The cheapest provider for each region is highlighted in green, and the most expensive in red.

Sourced By: www.moneysupermarket.com April 24, 2007 * This is based on the average SP and EDF 'Standard' tariff being £919.78 and the average 'Online' tariff being £790.27.

www.moneysupermarket.com is making a stand to help people ditch their expensive power companies and get the cheapest energy deal by offering £30 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 £17.50 payment1.

www.moneysupermarket.com is a website where consumers can compare the cost of personal finance products and apply online.

The website has more than 28 different comparison services including utilities.

Visit www.moneysupermarket.com for more information.

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