Uswitch comment on Igloo Energy’s price rise
Following the price rise announced by Igloo Energy, which will see dual fuel prices increase by 10.9% for a typical home, Will Owen, energy expert at Uswitch.com, comments:
“Igloo Energy is the second energy supplier to raise its prices this week, sparking concern for many of its customers.
“Both Igloo Energy and Bulb Energy, which announced a price rise on Monday, have pointed to increasing wholesale costs being behind the uplift.
“Both suppliers operate with only one tariff, which makes it more difficult for them to be flexible with customer pricing. This means that wholesale market price increases are likely to have a more instant knock-on effect on customers.
“This is a concerning time for households to see costs rise, as we head into colder months when energy use will be at its peak, and with many people still working from home.
“A typical dual fuel home on an Igloo Energy tariff will see energy costs rise by more than 10% from October 15, which could add about £97 to the average bill[1].
“Despite these price rises, Igloo Energy does still offer a competitive deal, and the firm is right to highlight how much cheaper its offering is than most standard variable tariffs.
“Any customers who are on default tariffs should always shop around and look at switching to a fixed deal, as there are great savings to be found.
“Customers can save an average of £387 by switching to a better energy tariff[2].”
FOR MORE INFORMATION
Ross Stebbing
Phone: 07827 836 709
Email: ross.stebbing@rvu.co.uk
Twitter: @UswitchPR
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Uswitch is the UK’s top comparison website for home services switching. We’ve saved consumers £2.5 billion off their energy bills since we launched in September 2000, and also help people find a better deal on their broadband, mobile, TV and financial services products.
Uswitch is part of RVU, a UK business that also owns Money.co.uk, Bankrate and Save on Energy.
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