CUT THOSE WINTER FUEL BILLS
CUT THOSE WINTER FUEL BILLS Find the best deals for electricity and gas on moneysupermarket.com · compare over 700 gas tariffs · compare over 2,000 electricity tariffs · handy usage calculator available on site With winter fast approaching and people getting set to curl up at home with the central heating on full blast, chilly Brits need to know that they can save money on their utility bills by switching from their existing provider. moneysupermarket.com, a website where consumers can compare the cost of personal finance products and save money, offers consumers a gas and electricity comparison service. On www.moneysupermarket.com consumers can enter the details of their current gas and/or electricity supplier and find a cheaper gas or electricity supplier or dual fuel deal for their usage and, in many cases, switch online. The site also has a handy usage calculator for those people who don't have their utility bills to hand and a rate alert service which lets consumers know when a cheaper rate becomes available. Richard Mason, director, moneysupermarket.com said: "More and more consumers are shopping around now for the best deals for credit cards, loans and mortgages and making real savings. It is great to see this happening for utilities too. Real savings can be made by switching from the local gas and electricity supplier, especially if you choose an online supplier for dual fuel (combined electricity and gas) and pay by direct debit." The table below shows the top five tariffs sourced on moneysupermarket.com for a family with two children living in London in a three bedroom house. It shows how much they could save a year by switching from standard quarterly payment with British Gas and London Electricity to a dual fuel scheme paid by direct debit. Supplier Estimated Estimated annual Percentage annual cost saving saving Atlantic Electric £462.81 £122.87 21% & Gas Online Amerada Online £466.18 £119.18 20.4% Severn Trent Energy £466.18 £119.18 20.4% Online Npower £485.14 £100.54 17.2% Southern Electric £485.24 £100.44 17.1% & Gas ENDS For further information, please contact: Richard Mason, director or Rebecca Mayo/Jane Budge/ Karen Brunskill moneysupermarket.com Lansons Communications Tel 01244 665 700 Tel: 020 7490 8828 richard.mason@mortgage2000.co.uk rebeccam@lansons.com janeb@lansons.com karenb@lansons.com Notes to editors Mortgage 2000 · Mortgage 2000 Group (M2), which launched www.moneysupermarket.com in December 1999, was formed in 1993 and now has staff of 105. Last year's Group profit was £1 million on turnover of £5 million. M2 has over 7,000 IFA and mortgage brokers subscribing on a paid basis. · An independent survey carried out by the IMLA involving over 10,000 intermediaries concluded that M2 has 50.2% of the intermediary mortgage sourcing market. M2 estimates that over 30,000 mortgages are completed monthly through the M2 network. This represents almost 20% of the entire mortgage market. moneysupermarket.com · www.moneysupermarket.com is the most comprehensive website in the UK for any kind of mortgage, credit card or personal loan deal. Wherever possible, surfers can apply online for credit. Consumers using the site have access to: · Over 4000 mortgages, 400 credit cards and 400 personal loans · Exclusive deals with some of the countries top loan providers for credit cards, personal loans and mortgages · Online applications to 45 mortgage lenders immediately (cover 80% of the market), 6 credit card and personal loan providers from 4 January 2000. Providers have a service standard of an hour to check and fully underwrite applications and email back a decision-with some providers taking as little as 3 minutes. · Access to specialist lenders normally available to intermediaries i.e. the mortgage brokers · A 'rate alert' service' which alerts clients by email to market leading rates. Simply key in your current loan arrangements and the site emails you details of better deals as and when they are available · Providers dealing specifically with customers who have an adverse credit history · A calculator that works out the savings to be made by switching credit cards · A personal finance news update which includes a summary of the top five best mortgage, credit card and personal loan arrangements - updated daily - this is emailed to the consumer daily, weekly or monthly · Easy to use electronic application forms which require details to be keyed in once ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/24/20020924BIT01050/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/24/20020924BIT01050/wkr0002.pdf