Fixed-rate consumers expected to switch energy providers - 15/03/2010
Scores of consumers are expected to switch energy providers as their fixed-rate tariffs end over the coming months.
Over one million households are soon expected to come to the end of long-term fixed-rate energy tariffs and may find their bills increasing as they move on to new rates with the same energy suppliers, reports This is Money.
Mark Todd, co-founder of price comparison website energyhelpline.com, advised consumers to research rival energy suppliers and see if their can make any savings.
"Online tariffs are offering the best rates," he said. "But if you want to fix, make sure you compare different providers."
A number of major energy suppliers have slashed their domestic gas prices over the last few months in a bid to attract consumers looking to switch gas providers. Scottish Power is the latest provider to reduce its tariffs and has cut gas prices by eight per cent.
From the end of March, around 1.6 million Scottish Power customers will be able to save around £66 a year on their energy bills.
If you want to find out more about switching energy suppliers and how you could save up to £378 in minutes, click here.
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