Confused.com comments on British Gas 7% Price Rise
• British Gas announce a 7% increase to both its gas and electricity prices effective from 10 December 2010 • Confused.com says fix now Lisa Greenfield, energy analyst at Confused.com, says: “British Gas has always led the market whether it’s price increases or price decreases and it’s doing it again now. This latest move will increase bills by around £1.50 per week (£78 a year) and will affect around 8 million customers. This is a sign of things to come and we recommend anyone who wishes to protect themselves from further rises or prefers to know exactly what they will be paying when the bills come in, to fix now. “Confused.com has been warning customers for months that prices will rise and we expect this trend to continue. British Gas state the 25% increase in wholesale costs of gas, network charges and environmental obligations are behind the move, and we expect other energy suppliers to follow. With budgets already squeezed, this is another blow to hard-up households so it’s important they keep the bills as low as possible by becoming more energy efficient and shopping around regularly to ensure they’re on the best deal” Ends For further information: Confused.com press office 02920 434393 firstname.lastname@example.org About Confused.com Confused.com is one of the UK’s 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. 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’s 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.