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Battle of the Savvy Shopper - Men vs Women


News provided by

Ofgem

20 May, 2014, 15:36 GMT

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LONDON, May 20, 2014 /PRNewswire/ --

New campaign empowers the nation to start 'energy shopping'

  • 43%  of  Brits  don't  prioritise  shopping  around  for  the  best  energy  deal 
  • Savvy  male  shoppers  save  an  average  of  £11  more  than  women  a  month 
  • 'Be  An  Energy  Shopper'  campaign  set  to  get  the  nation  bargain  hunting  for  a  better  deal  on  their  energy
  • It's  never  been  easier  to  get  a  better  deal  for  your  energy  and  you  could  save  around  £200  a  year

Research[1] out today reveals Brit households shop around for everything in life, from holidays and insurance to gadgets and clothes - yet don't place the same level of importance on shopping for their energy bills. Shockingly, almost half (43%) of Brits admit they don't prioritise 'energy shopping' to find the best deal, despite the fact that it could save them precious pounds.  

Previously, nearly half (48%) of baffled Brit blokes, and three in five (58%) women, said they have been confused by energy tariffs. But not anymore - recent reforms have resulted in a simpler, clearer and fairer energy market which means finding a better deal has never been easier. What's more, as part of the 'Be An Energy Shopper' campaign, an easy guide has been created - http://www.goenergyshopping.co.uk, to help cut through the confusion previously associated with comparing energy tariffs and in turn help people to start shopping around for their energy. The new website provides consumers with the know-how to check existing energy deals so they can get a better tariff.

The survey, commissioned to support the launch of 'Be An Energy Shopper' campaign, revealed that when it comes to battle of the savvy shopper, comparison conscious men are prioritising shopping for home and car insurance (64%), gadgets (63%) and cars (56%) over energy (49%). Women however, place a higher importance on browsing for luxury products and services such as holidays (64%), clothes and accessories (63%) and shoes (59%) over and above energy (45%), an everyday necessity. Surprisingly, the survey also revealed that men are savviest when it comes to shopping around for a good deal, saving up to £11 more in comparison to women a month.

The nation is also currently overlooking the benefits of being an energy shopper with almost half (45%) of Brit bill payers saying they don't feel they could save much money and one in four (24%) saying they thought shopping around for energy would be too much 'hassle'.

Dermot Nolan, CEO at Ofgem says, "We shop and compare prices for many things in life, yet we often don't think to do the same when it comes to our energy bills, even when we could be saving around £200.  Previously, people found it difficult to compare tariffs and the process too time consuming but the recent reforms have changed things for the better.  With the introduction of 'Be An Energy Shopper' it has never been easier to go energy shopping and get a better deal on your gas and electricity."

Konnie Huq, TV presenter and spokesperson for the 'Be An Energy Shopper' campaign adds: "As a wife and mother of two, it's really important to me that I'm constantly getting value for money and energy is no exception to the rule. I personally love a good deal and this new website - http://www.goenergyshopping.co.uk - is an easy guide that will hopefully give people the confidence to get a better deal on their energy bills."

ENERGY  IS  THE  TOP  ITEM  WHERE  BRITS  FEEL  THEY  SPEND  MORE  THAN  THEY  WOULD  DO,  IF  THEY  SHOPPED  AROUND:

1: Energy (16%)

2: Weekly Groceries (13%)

3: Presents & Gifts (10%)

4: Broadband (10%)

5: Holidays and Breaks (10%)

…SO  WHY  DON'T  WE  GO  ENERGY  SHOPPING?

Visit http://www.goenergyshopping.co.uk for an easy guide on how to shop around for a better energy deal.

Notes  to  Editors: 

REGIONAL  SHOPPER  BREAKDOWN

  • One in five (20%) people living in London, Wales and the South East feel they overspend on their energy
  • Residents in Scotland and London are the least likely to prioritise shopping around for energy with 50% missing a trick when it comes to bargaining for better deals
  • A whopping 60% of people in the North East find energy tariffs confusing, as well as 58% in the South East, and 57% in the North West
  • More generally, Londoners are the savviest shoppers when it comes to bargain hunting and save an average of £50 per month, closely followed by the Welsh residents who save £44, and those in the North East who save £43

QUALITATIVE  RESEARCH

When analysing previous attitudes towards the energy market, in-depth consumer interviews found comparable results to the statistics detailed above, with respondents noting how the energy market had been a "minefield" to navigate and citing stories of the difficulties and obstacles previously involved when looking to switch energy suppliers. Overall the former process was considered as unnecessarily difficult and sometimes even detrimental to customers. 

FURTHER  INFORMATION  ABOUT  http://www.goenergyshopping.co.uk
The website includes:

  • New tools to help people compare the different tariffs
  • A glossary explaining the language used on bills
  • Links to other useful sites
  • A downloadable guide which visitors can print off and read at their leisure, or pass on to family members who don't have internet access

About  the  'Be  An  Energy  Shopper  Campaign'

The 'Be An Energy Shopper' campaign has been launched by Ofgem in response to consumer demand for impartial advice on how to compare tariffs in the gas and electricity markets.  An easy guide has been set up at http://www.goenergyshopping.co.uk  to show how the recent changes to the energy market can help them to compare tariffs and get a better deal on their gas and electricity bills.

About  Ofgem

Ofgem is the GB energy regulator. Everything we do is aimed at making a positive difference for consumers. For more information on Ofgem please see our website on: http://www.ofgem.gov.uk

About  Konnie  Huq

Mother of two young boys and married to Charlie Brooker, Konnie is a successful working mum and one half of a power house media couple.

No doubt one of the UK's most seasoned TV presenters, she was the longest reigning presenter on the hit BBC children's show Blue Peter, and to date hosted the highest rated Xtra Factor series.

Konnie's appeal extends beyond the UK , she illustrated her global qualities in Discovery Asia's "Lonely Planet Six Degrees: China". The episodes followed Konnie as she delivered the scoop on China's most intriguing facts, traditions and customs.

Not just a broadcaster Konnie is a well-respected writer, she co-wrote for the successful and critically acclaimed Channel 4 series "Black Mirror".

(1) ICM interviewed a random sample of 5084 adults aged 18+ via its online (n=4,081) and telephone (n=1003) omnibuses between 28th February - 9th March 2014.  Surveys were conducted across the country and the results have been weighted to the profile of all adults. ICM is a member of the British Polling Council and abides by its rules. Further information at http://www.icmresearch.co.uk

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