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Mark founded MoneyMaxim in 2008, with the aim of delivering an impartial and independent service. Mark is a regular money saving expert in the press and writes regular news and articles for the MoneyMaxim news pages sharing his views on banking, personal insurance and the utilities (gas, electricity, mobile and home phones, broadband and pay TV) market with customers.
Following today's announcement by industry regulator Ofgem to clean up the energy market what is the MoneyMaxim view?
Commenting on the review, Mark Bower, Managing Director of MoneyMaxim.co.uk says:
"We welcome Ofgem's announcement that it is going to clean up the energy market. Our customers constantly comment on their distaste over what they see as "hidden traps” snaring them into uncompetitive or inappropriate tariffs and now, thankfully, the regulators are starting to tackle the real issues consumers face.”
"Competition needs to be improved and greater clarity developed so customers can easily compare the deal being offered to them. Our service lets consumers do this and is already saving them hundreds of pounds each year.” the market before letting you know if it's likely you can save money by switching supplier.
"Being impartial and independent means that we can ensure our customers are aware of the most competitive tariffs on the market without fear or favour, and it's clear they welcome finding a pressure free ‘no sales' approach to energy provision.”
(During the period 8th January 2011 to 8th March 2011 MoneyMaxim customers saved on average £288.59 when switching gas or electricity supplier, compared to the average of £180.25 by a similar firms customers who use the same technology.)