50,000 consumers switch suppliers after energy price rise

  oresome 16:20 PM 14 Oct 13

This is the figure claimed by one of the comparison sites since SSE raised prices by 8.2% last week.

On the face of it this is competition at work and will ensure an efficient market and the lowest prices for the consumer.

On the other hand, think of the administrative effort and cost involved in transfering those customers and the commission earned by the comparison sites. Consumers are being constantly churned between the various energy companies for short term gains at an enormous cost that is ultimately borne by the consumer.

I say short term because the other suppliers will follow with price rises as sure as eggs are eggs and the only long term winners will be the comparison sites through commission and the suppliers through higher prices.

I wonder how much all the churning adds to the typical bill?

  bumpkin 17:10 PM 17 Oct 13

Spider9, there is no need to complicate the issue.


This thread is now locked and can not be replied to.

Best Cyber Monday deals 2015 live blog: Best UK Black Friday weekend deals & best UK Cyber Monday…

1995-2015: How technology has changed the world in 20 years

The best Black Friday Deals for designers and artists – updated

20 Mac Power User Tricks... That You Didn't Know