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50,000 consumers switch suppliers after energy price rise
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Posted October 14, 2013 at 4:20PM
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?
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