Fake savings - Tables and Appendices
Data used in the Analysis for this report can be found here.
Below is an extremely limited excerpt from a submission made by MoneySavingExpert in October 2014 in response to Ofgem's consultation on, amongst other things, the Confidence Code for price comparison websites.
The full report can be found here The excerpt below is included only to show that other influential consumer websites share our view that Personal Projections are fundamentally misleading.
"Our main concern with Ofgem's proposals is the requirement for TPIs to use the personal projection methodology when calculating the cost of a tariff. We believe this methodology is harmful to consumers as it gives extremely misleading information and many consumers agree with this. We would urge Ofgem to remove personal projections as a requirement altogether, as quickly as possible."
MoneySavingExpert.com Cheap Energy Club
Response to Consultation, Domestic third party intermediaries: Confidence Code and wider issues
We would urge anyone interested in exploring the matter further to read the full report. Just count how many times mis-leading is used.
Campaign to stop fake and mis-leading comparisons
Support our campaign to stop this dodgy and mis-leading practise.
If you have been misled by an energy comparison site that quoted you a saving way above what you actually received you may be entitled to compensation. Get in touch, tell us about your experience and we will see what we can do to help.