Energy switchers boost website
Jim Armitage is the City editor of The Independent and London Evening Standard group of newspapers. He has been a reporter and editor for more than 20 years and was recently shortlisted for the Press Gazette financial journalist of the year and The Society of Editors financial journalist of the year awards. He contributes news, investigative reports and comment to the Independent titles plus a daily column in the Evening Standard.
Thursday 07 November 2013
Higher energy prices have not damaged everyone's household finances: those with shares in the websites advising people on switching to other suppliers are making big profits.
The biggest price-comparison website, Moneysupermarket, yesterday saw its shares surge 16 per cent after it said the rush of customers looking to switch from Centrica and the other big energy firms had pushed revenues for the current quarter more than 25 per cent higher than a year ago.
Faced by price rises of 9 per cent and more, well over 100,000 householders swapped their energy supplier through Moneysupermarket since the price-rise announcements started last month. Moneysupermarket makes a fee from referring customers.
Other sites also benefited, with Quidco saying it saw nearly double the number of energy deals going through its site in October than September.
Moneysupermarket shares rose 24.7p to 179.7p.
- 1 This is what happens when you tattoo Charmander on yourself, drunk, and with no experience
- 2 BBC election debate: The one photo that summed up the whole 90-minute leaders debate
- 3 18th century sex toy found in 'toilet of sword fighting school' in Poland
- 4 The Batman v Superman: Dawn of Justice trailer has leaked – watch
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
If I’m being racially abused I don’t need a white stranger with a saviour complex to rescue me
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
Russian warships in English Channel 'to conduct anti-aircraft and anti-submarine military drills'
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...