Gocompare.com Energy comments on the latest kick in the teeth to standard variable tariff customers hit with an increase eight times higher than inflation
Ben Wilson, energy spokesperson at Gocompare.com Energy, said: “We said last week when E.ON increased its energy prices for 2.5m standard variable tariff customers that SSE wouldn’t be far behind. Lo and behold, SSE has announced today it is increasing its electricity prices by eight times higher than the current rate of inflation (1.8%). The big six energy companies have become depressingly predictable, swiftly following each other as they squeeze every penny out of loyal customers, many of whom have stuck with them for years, paying well over the odds for their gas and electricity. Unfortunately, they know that many customers will take these increases lying down, seeing little benefit in moving to another energy giant but reluctant to switch to a more competitive challenger provider. Customers must stand up to these increases by getting off their standard tariffs and switching to a better deal.
“Ofgem figures suggest that energy switching is gaining momentum, but it’s still up to customers to show the big six that they’ve had enough of being taken for mugs and move to a better tariff where they can potentially save hundreds of pounds a year. Our research shows that 56% of households haven’t switched energy provider in the last three years and 29% have never switched. But shopping around works! Customers who haven’t switched recently could save as much as £305** on their gas and electricity bills by moving to a new deal. Finding a cheaper energy supplier is easy using a comparison site and you could be saving money within three weeks of starting the switch with no interruption of your energy supply.”
For more information on switching energy supplier, read Gocompare.com’s guides.
- ENDS -
Notes to editors:
*On 6 January 2017, Bilendi conducted an online survey among 2001 randomly selected British adults who are Maximiles UK panelists. The margin of error-which measures sampling variability-is +/- 2.2%. The results have been statistically weighted according to the most current education, age, gender and regional data to ensure samples representative of the entire adult population of United Kingdom. Discrepancies in or between totals are due to rounding. The 2016 switching survey was also an online survey conducted by Bilendi among 2001 randomly selected British adults who are Maximiles UK panelists, it was conducted on 5 January 2016.
**At least 51% of customers who provided their energy usage and received a price for switching energy supplier for both gas and electricity with Gocompare.com saved £305 or more (1st July - 30th September 2016)