During last year'ss unprecedented price rises which saw average energy bills rise by a staggering 42%, 1 in 5 customers opted for a fixed rate deal - a fantastic move for those that wanted to shield themselves from rising prices.
But, with wholesale energy prices (http://www.confused.com/gas-electricity) now falling and the extremely popular npower one (a fixed
tariff) coming to the end of its fixed rate period, customers should be considering what to do next. The npower fixed rate deal ends on 31st July, so customers need to think about their
next move now.
Gareth Kloet, head of electricity and gas prices (http://www.confused.com/gas-electricity) at Confused.com says I'sd estimate that
about 100,000 customers will see their npower fixed rate tariff come to an end within the next few weeks and it'ss vital that they don'st just allow themselves to be switched into the
npower standard tariff, which is what will happen if they do nothing. The end of the fixed rate needn'st mean an increase to your bills, as there are a number of very competitive tariffs
currently available.
Customers should shop around to find the most appropriate tariff currently available. This will depend on region and specific consumption and whether customers wish to find another fixed
rate tariff or would prefer a discounted variable tariff, duel fuel, pay by direct debit etc.
The easiest way to shop around is via an accredited energy comparison (http://www.confused.com/gas-electricity) site which will show
all tariffs available in the market and therefore make it quick and easy to pick the most appropriate tariff for your individual needs.And once you'sve made the switch online, your new
energy supplier will do all the hard work for you during the changeover.
Best buy tables show the cheapest tariffs available for low, medium and high consumption users, but should only be used as a guide when considering your next move as most people don'st
fit into the standard low, medium or high consumption values.
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For further information please contact:
Gareth Kloet, Confused.com: 07966 722063
Press office, Confused.com: 02920 434 398
Notes to editors
About Confused.com:
Confused.com is one of the UK'ss biggest and most popular price comparison services. Launched in 2002, it generates over one million quotes per month. It has expanded its range of
comparison products over the last couple of years to include home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as
financial services products including credit cards, loans, mortgages and life insurance (http://www.confused.com/life-insurance).
Confused.com has all of the 'sBig Six's energy providers on its panel, customers can save 's163;252* on their annual energy bill by switching with Confused.com
Confused.com is not a supplier, insurance company or broker. It provides a free, objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of
intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance
products, financial services, utilities and more.
Confused.com'ss service is based on the most up-to-date information provided by UK suppliers and industry regulators.
Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.
*Confused.com customers saved an average of 's163;252.37 on their annual energy bill in 2008.