Energy Choices

Energy Choices

October 12, 2009 05:05 ET

Energy Choices Reacts To Ofgem Report

LONDON, UNITED KINGDOM--(Marketwire - Oct. 12, 2009) - Energy Choices, the U.K's leading website that enables consumers to compare energy prices, have reacted to the results of a report by energy regulator Ofgem, which has revealed that the cost of energy bills could rise by as much as 60% by 2016. This has prompted the company to advise consumers to be proactive in looking at ways to reduce their energy spending and consumption.

The publication of Ofgem's Project Discovery report has highlighted that the cost of modernising the U.K's energy generation systems will cost around Pounds Sterling 200 billion over the next 15-20 years. This includes initiatives which will make the production of energy more environmentally friendly and help Britain to meet its climate change targets.

The cost of this will have to be met by energy providers, who will inevitably be forced to meet this by putting up the price of gas and electricity for consumers.

Launched in 2005, Energy Choices offers consumers an energy comparison service that provides the ability to research energy suppliers and their tariffs as quickly and easily as possible. In addition, visitors also benefit from a host of useful energy saving hints and tips, to help them to not only save money, but also make their home more environmentally friendly.

A spokesperson for the company commented:

"We all have a responsibility to reduce our carbon footprint and this report demonstrates that the Government is taking this seriously, which is good news for the environment. At the same time, however, this is bad news for consumers, as it will mean a hike in energy bills, at a time when budgets are increasingly stretched.

Continued:

"We advise all consumers to look carefully at their energy spend, in order to reduce this and get the very best deals possible from suppliers. One of the ways in which they can do this is by using the price comparison tools and energy-saving tips, which are available on our website."

To find out more about Energy Choices, visit: http://www.energychoices.co.uk.

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