Confidence Code introduced to help consumers shop around for energy
Confidence Code introduced to help consumers shop around for energy
- Friday, 10 December 2010Consumer Focus has introduced a Confidence Code, which will help Brits to switch energy company and possibly avoid getting into
debt problems.
The Code is used to provide accreditation to price comparison sites so that consumers know that the best energy deals are being listed.
In this way they may feel more confident about switching as they know they will be getting a better and cheaper deal.
This in turn will mean they pay less for their energy, which could help them avoid getting into
debt problems.
Switching energy provider could be particularly important at the moment as British Gas has hiked its gas and electricity prices by seven per cent today (December 10th), which will affect around eight million consumers.
Audrey Gallacher, head of energy at Consumer Focus, said: "Online price comparisons have been a tremendous innovation allowing consumers to compare deals in their own time and without pressure.
"However price comparison sites, and our code, have to reflect changes to the market to make sure consumers continue to benefit."
Some of the changes include sites will have to provide better information on limited term discounts and tariffs.

Recent Debt Management Plan News
56% of Brits have no life insurance which could leave family with debt problems
Wed, 04 May 2011More than half of UK adults currently have no life insurance cover, which could mean their loved ones are left with
debt problems when they die...
Brits thinking about retirement advised to seek debt advice
Tue, 03 May 2011Consumers considering their retirement options have been advised to seek professional advice, as they may end up with
debt problems in the future...
Brits planning to attend a wedding should start saving to avoid debt problems
Thu, 28 Apr 2011Consumers concerned about getting into
credit card debt to pay to attend a wedding may want to use their savings instead...
Couples planning their big day can avoid debt problems by negotiating a cheap wedding
Wed, 27 Apr 2011Couples-to-be worried about needing
debt advice in the future after paying for a wedding can ensure they avoid accruing
debt problems by negotiating a cheap wedding...