Energy switching swells Moneysupermarket profits

PRICE comparison website Moneysupermarket.com expects full-year earnings to jump by 26% to £84m.

The business, based in Ewloe near Chester, said its second half had been boosted by consumers seeking better energy deals.

In the year to December the group said revenues climbed 10% to £225.5m.

Revenues from energy switching were up by 200% in the fourth quarter, and other sectors such as home services also saw strong demand.

Chief executive Peter Plumb said: “MoneySuperMarket had a strong second half thanks chiefly to our ability to help UK householders beat the autumn energy price hikes with both MoneySuperMarket and MoneySavingExpert helping more people switch their energy supplier than ever before.

“TravelSuperMarket made good progress in 2013, demonstrating the benefit of the wide portfolio of services we offer customers to make the most of their money.”