Energy UK response to Caroline Flint’s release on tariff prices
In response to Caroline Flint’s statement Lawrence Slade, chief executive of Energy UK said:
“Standard variable tariffs are just that, the standard price a company is offering energy to customers. Part of the cost of energy is an assurance that the gas and electricity has been bought months in advance making sure energy will be available to customers when it is needed. New fixed price deals are able to take advantage of short term changes in costs and usually offer lower prices than the standard deals, often for a year or two.
“However, the important thing for customers to remember is there are a wide range of deals available in the market. If a customer thinks they might be able to save some money by switching tariff or company they should log on to a comparison site or call their supplier.”