Commenting on the news that British Gas is extending its price freeze until August, Claire Osborne, energy expert at uSwitch.com, says: “British Gas has today announced an extension of its price freeze following a raft of price rises from its competitors. On the surface this will seem to offer good short term peace of mind for the six million customers on British Gas’ standard plan. However, when you consider its standard plan is 25% or £210 more expensive than the cheapest plan on the market – you soon realise this isn’t the excellent news British Gas claims.
“Price freezes look good on paper, but in reality it is holding prices of the most expensive rates. Even with this freeze, the British Gas standard variable plan is a long way from being the cheapest on the market. Although it is the lowest standard variable plan of the big six, at £1,044 a year, it’s still £210 more expensive than the cheapest deal on the market. Customers should be switching supplier rather than accepting freezes. You can get a better deal that offers longer protection by switching to a cheaper fixed deal now.”
Find out how you could save over £1,000 a year with uSwitch here.
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Notes to editors
- British Gas’ SVT direct debit is £1,044 per year. The cheapest deal is IRESA’s Iresa Flex4 12 month Fixed Direct Debit at £833.73. Difference is £210. £1,044 is 25% more expensive than £834.
Launched in September 2000, uSwitch is an online and telephone price comparison and switching service, helping consumers get a better deal on gas, electricity, broadband, TV services, mobiles and personal finance products including mortgages, credit cards, car and home insurance. Last year we saved UK consumers over £278 million on their energy bills alone.
Customers can sign up to an account that automatically monitors the energy market and notifies them when they can move to a cheaper tariff, while broadband customers can conduct a speed test to find out how fast their broadband is and identify the best deal for their postcode.
The multi award-winning 'Switching Made Simple' app allows customers to compare energy, broadband, credit card, mobile and SIM-only deals – and uSwitch also has a UK contact centre manned by energy and broadband experts. Customers can post their latest energy bills to FREEPOST USWITCH to receive a free call back and be guided through the comparison process, or they can email email@example.com with their postcode and usage details.
uSwitch is owned by ZPG Plc (LSE:ZPG), which operates some of the UK’s most trusted digital brands that help empower smarter property and household decisions including Zoopla, Money, PrimeLocation and SmartNewHomes. uSwitch is the proud sponsor of Britain’s Got Talent 2018.
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