Latest News Tue, Mar 22, 2016 5:05 PM
Proposals to ensure that all households are on the best deal for their gas and electricity as soon as possible have been published by the Government.
Households across the country are facing a tough time with their energy bills. The Government cannot control volatile world energy prices, but it is taking action to help people get their bills down.
Following publication of Ofgem’s Retail Market Review proposals, the Government is setting out further ideas to help consumers with their energy bills, including the Prime Minister’s commitment to ensure that households get the cheapest tariff.
These build on Ofgem’s Retail Market Review, and seek to strike the right balance between helping consumers in a market in which the majority of people currently do not engage, while maintaining consumer choice and incentives for suppliers to compete and innovate.
The Government intends to include measures in the forthcoming Energy Bill. Energy Secretary Edward Davey said: “I am determined to ensure all consumers get a better deal on their energy bill and get the cheapest tariff they can.”
“Bill payers will no longer face the impossible choice between hundreds of tariffs; each customer will have a maximum of four tariffs for gas or electricity per supplier to consider. And households will have personalised information from their supplier on their bills about the cheapest tariff the supplier offers for their payment method and the cheapest tariff overall.
“For too long people have been stuck on the wrong type of energy tariff, paying more than they need to. Our new proposals will make things much clearer and easier to understand, so that bill payers can get the best deal and feel the benefit in their pockets.”
Measures in the Department of Energy and Climate Change discussion document include proposals to:
The Government wants all customers to have been placed on the cheapest price available from their supplier for the tariff type of their choice as quickly as possible and, at the latest, by Summer 2014.
These new measures will also make it easier for consumers to shop around for the best market-wide deal. The Government will work closely with Ofgem in finalising the proposals.
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