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.... The prime minister had pledged a price cap on energy bills for 17m families during the general election campaign but the policy was missing from the Queen’s speech. At a private meeting in late August, the energy regulator Ofgem told the big six energy suppliers and dozens of challenger companies that it was planning a price cap for 2 million people. ... [Read full article on Guardian ]
Tuesday 12th of September 2017 11:01:48 PM
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Latest Finance News related to Energy Regulator

Number of people switching energy supplier up 30% in a year image
Source : Guardian [Read Article] Tuesday 12th of September 2017 11:01:48 PM
.... The prime minister had pledged a price cap on energy bills for 17m families during the general election campaign but the policy was missing from the Queen’s speech. At a private meeting in late August, the energy regulator Ofgem told the big six energy suppliers and dozens of challenger companies that it was planning a price cap for 2 million people. ...
Energy customers overpaying to the tune of £102m image
Source : Guardian [Read Article] Saturday 19th of August 2017 06:00:06 AM
....The cost of billing errors may be even higher than the £102m claimed, as more than a quarter of consumers admitted to not reading their energy bills properly. A spokesman for energy regulator Ofgem said: “We have taken action to address billing failures, with suppliers paying out over £40m as a result of our investigations in the last two years. ...
Price gap between best and worst energy tariffs widens to £109 on average image
....4bn over the odds because of the gap. While plans for a cap have been hugely watered-down, the new figures could provide fuel for Greg Clark, business secretary, and Ofgem, the energy regulator, to take stronger action. ...
SSE loses 230,000 customers in 'highly competitive' UK market image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:28:01 PM
....But the plans have since been hugely watered down and it looks likely that 14 million fewer people will have their energy bills capped than May promised. The energy regulator, Ofgem, held a summit on Monday with consumer groups to discuss what form a “safeguard tariff” would take. ...
Energy networks' £7.5bn windfall 'should be returned to consumers' image
Source : Guardian [Read Article] Tuesday 11th of July 2017 11:01:08 PM
....The consumer group said Ofgem, which regulates the networks and sets limits on how much profit they can make, had allowed the firms to overinflate their projected costs of building pipes and wires. The energy regulator had also overestimated the business risks faced by the companies, and did not foresee an unprecedented period of low interest rates and bond returns, the charity said in a report published on Wednesday. ...
British Gas investigated over switching fees image
Source : BBC [Read Article] Thursday 6th of July 2017 09:11:18 AM
. British Gas is to be investigated by energy regulator Ofgem for potentially overcharging customers who wanted to switch to other providers. ...
Secretary of state for hot air denies the energy price cap fits him | John Crace image
.... As far as the business secretary was concerned, everything was absolutely tickety-boo. The energy regulator, Ofgem, had recommended it would be a good idea if 3 million people were no longer ripped off. ...
Millions betrayed by Tories’ energy price cap U-turn, says Labour image
. Labour has accused the government of betraying millions of households after the energy regulator published proposals to extend a price cap for vulnerable customers that fell well short of the Conservatives’ election promises. ...
Tory pledge to cap energy bills missing from Queen's speech image
Source : Guardian [Read Article] Wednesday 21st of June 2017 03:57:48 PM
....However, the government does appear to be entertaining the idea of setting targets for shifting customers off standard variable tariffs, the default energy deals that two-thirds of households are on. In a letter to the energy regulator sent on Wednesday, Clark asked Ofgem to consider “the future of standard variable tariffs”, and to safeguard “customers on the poorest value tariffs”. ...
Closure of UK’s largest gas storage site ‘could mean volatile prices’ image
....”. The UK energy regulator has drastically cut £370m of payments for small power producers, in a blow to diesel generators and smaller gas plants. ...
Energy price cap likely to go ahead despite warnings of 'timebomb' image
Source : Guardian [Read Article] Monday 19th of June 2017 03:36:14 PM
....“Competition will be diminished and cheaper deals would be taken off the market as tariffs moved closer to the cap,” said Richard Neudegg, the site’s head of regulation. He echoed previous warnings by the big six suppliers that because energy regulator Ofgem would eventually have to increase the cap in order to reflect rising wholesale prices, blame would shift from energy firms to ministers. ...
Thousands face energy bill hikes of more than £400 this month image
Source : Guardian [Read Article] Wednesday 10th of May 2017 09:01:16 AM
....Moorey said that from what he had seen so far of the Tory policy, it seemed prices could go still go up. “If six months on [energy regulator] Ofgem looks at it, and there are shifts in wholesale prices and changes to government policy that are increasing costs, then the regulator could review it and change prices over time. ...
Energy regulator under scrutiny as both Tories and Labour vow to act image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:23:35 AM
....Whichever party wins on 8 June, Dermot Nolan will become one of the most powerful regulators in Britain. As head of the energy regulator Ofgem, the 51-year-old will control the price that millions of people pay for their electricity and gas after the general election. ...
Tory MPs plot to water down Theresa May's energy price cap pledge image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:00:53 PM
....The group also cautioned that millions of consumers who had engaged in the market could see their bills rise “significantly”, as suppliers hiked up prices on their better-value fixed deals. Damian Green, the work and pensions minister, recently said that energy regulator Ofgem would cap standard variable tariffs “in relation to what the market price is”. ...
Tory energy pledge: May says she still believes in free market despite vow image
....Theresa May has said she still believes in free markets despite pledging to cap energy prices, after it was pointed out her party had dismissed a similar plan put forward by Ed Miliband as “Marxist”. The Conservatives are proposing a price cap on standard variable tariffs, to be set by the energy regulator, Ofgem. ...
Energy price cap image
Source : BBC [Read Article] Monday 24th of April 2017 11:52:31 AM
....The Conservative manifesto is to include a pledge that energy bills for millions of consumers will be capped, saving each household around £100. We do not yet know the full details, but we do know that it would be imposed by the energy regulator Ofgem. ...
General Election 2017: Energy bill cap 'will hit consumers' image
Source : BBC [Read Article] Monday 24th of April 2017 07:29:03 AM
....com said that previous interventions in the energy sector had led to lower switching rates and higher prices. If the Conservatives win the election, how might energy regulator Ofgem go about introducing a cap?. ...
General election 2017: Tories to pledge energy bill cap image
Source : BBC [Read Article] Sunday 23rd of April 2017 11:10:39 AM
....Mr Green said his party's promise on energy was not the same as Labour's 2015 election pledge to freeze gas and electricity bills for every home and business in the UK for 20 months. "We would have [energy regulator] Ofgem setting the limits," he said. ...
Energy secretary to 'flex muscles' over rising bills image
Source : BBC [Read Article] Wednesday 19th of April 2017 10:49:17 AM
....They include: . The energy regulator Ofgem said that some of the price rises were hard to justify and Mr Clark has now told the Business Select Committee that the market is "clearly not working" for those on default tariffs. ...
Big six energy firms braced for government price crackdown image
Source : Guardian [Read Article] Monday 17th of April 2017 03:43:01 PM
....The suppliers have blamed a series of factors, from smart meter installation costs and green energy policies to, most frequently, rising wholesale energy costs. But the energy regulator Ofgem said in January that while wholesale costs had gone up, they were not large enough to warrant passing on to consumers. ...
EDF raises electricity prices for second time this year image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:24:45 AM
....4% on 1 March, although it cut gas prices in January. The rise was immediately criticised by the energy regulator, Ofgem, which said it was hard to justify. ...
UK energy firms including big six miss smart meter deadline image
Source : Guardian [Read Article] Sunday 26th of March 2017 05:48:07 PM
.... However, some of the 2 million households already fitted with them experience problems with their accuracy, meaning they can receive demands from their energy provider to make extra payments to cover their actual usage. The energy regulator Ofgem, which has described the plan to cut backdated bills as a “significant improvement for consumers”, said it was considering whether further steps were needed to protect billpayers as a result of the failure to meet the deadline. ...
Energy price cap implications ominous, former regulators say image
Source : BBC [Read Article] Thursday 23rd of March 2017 06:49:47 AM
.... . According to five former energy regulators, such a move would have an "adverse effect" on the market and could have "ominous implications". ...
Coal in 'freefall' as new power plants dive by two-thirds image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:01:20 AM
....The report said the amount of new capacity starting construction was down 62% in 2016 on the year before, and work was frozen at more than a hundred sites in China and India. In January, China’s energy regulator halted work on a further 100 new coal-fired projects, suggesting the trend was not going away. ...
Theresa May echoes Ed Miliband with promise to reform energy market image
Source : Guardian [Read Article] Friday 17th of March 2017 04:53:15 PM
.... But the government has faced increasing pressure to introduce a price cap after five of the big six energy suppliers hiked prices for millions of people in recent months, some by as much as £109 a year for dual fuel customers. The energy regulator Ofgem told MPs last month that it had the power to impose such a cap, but only if directed by ministers. ...
Energy companies ‘ripping off’ millions, ministers say image
Source : Guardian [Read Article] Sunday 12th of March 2017 12:05:09 AM
....5%. The latest increases come despite the energy regulator Ofgem recently saying it saw no reason for the big six to raise prices despite upward price pressures, because of the way they hedge when buying power. ...
How free market helped big six energy firms to rack up huge profits image
Source : Guardian [Read Article] Sunday 12th of March 2017 12:05:09 AM
....Mckay’s problem is shared by about one in 10 households across the country who are classed as in fuel poverty. Ofgem, the energy regulator, is introducing a price cap on pre-payment customers from April, but the majority of people in fuel poverty have standard meters, and everyone will be affected by rising prices. ...
E.ON price rise branded 'monstrous' as users face £97 a year extra image
Source : Guardian [Read Article] Tuesday 7th of March 2017 03:32:17 PM
.... The German energy firm said the cost of various social and environmental programmes had risen by about 36% on the year before. The latest increase comes despite the energy regulator recently saying it saw no reason for the big six to raise prices despite upward price pressures, because of the way they hedge when buying power. ...
Switch hitch: Ofgem to look into improper exit-fee allegations image
Source : Guardian [Read Article] Monday 6th of March 2017 11:14:41 AM
....Ofgem is looking into allegations that energy suppliers have wrongly threatened to impose exit fees on householders switching away from them. The energy regulator confirmed it was talking to some of the big six energy companies after MoneySavingExpert (MSE) handed over a bundle of customer complaints on mishandling of such fees, which can be up to £100. ...
British Gas says competition has hit profits image
Source : BBC [Read Article] Thursday 23rd of February 2017 09:02:22 AM
.... . Earlier this month, the energy regulator Ofgem announced a cap on charges for pre-payment customers, and the government is due to publish a Green Paper in April which may further restrict the prices energy companies can charge customers. ...
Gas and electricity prices may have to rise further, warns industry body image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:11:24 PM
....Slade refused to say whether he thought Npower’s recent electricity price increase of 15% was acceptable and said he had no knowledge of individual companies’ future pricing plans. But the head of the energy regulator, Ofgem, dismissed the idea that government policies or smart meters were adding significantly to suppliers’ costs, and said increasing fossil fuel prices were the main pressure. ...
Scottish Power customers to be hit by 7.8% price hike image
Source : Guardian [Read Article] Friday 10th of February 2017 12:26:20 PM
.... Switching sites said the rise marked a “dark day” and “bitter blow” for billpayers. The increases have come despite warnings from energy regulator Ofgem that there is no reason for price rises this early. ...
Lack of transparency over green energy subsidies 'shambolic', say MPs image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:01:00 AM
....The committee dismissed a BEIS report last November, which it said did not break down the impacts of policies to a household level, and did not show the savings that policies could bring, such as reducing consumers’ exposure to volatile fossil fuel prices. The report came as the energy regulator announced details of an energy price cap from 1 April for about 4m households on prepayment meters. ...
Consumers urged to switch energy supplier image
Source : Guardian [Read Article] Monday 16th of January 2017 11:19:07 AM
. The energy regulator and consumer groups have said that too few people are switching energy suppliers, despite latest figures showing a record 4. ...
EDF to cut gas bills but raise electricity prices image
Source : BBC [Read Article] Friday 16th of December 2016 10:34:35 AM
....EDF also said 200,000 people who use pre-payment gas meters will also see a 12. 9% price cut, three months before the energy regulator introduces a price cap in April next year. ...
Ofgem energy league table could save users hundreds of pounds image
Source : Guardian [Read Article] Wednesday 14th of December 2016 11:52:30 AM
.... Consumers can typically save £200 a year; this figure could be as much as £260 for those with the supplier Extra Energy. The energy regulator said last month that 66% of all households remained on expensive standard variable tariffs. ...
Energy firms held £4bn in overpayments image
Source : BBC [Read Article] Thursday 8th of December 2016 02:58:22 PM
.... Ofgem has previously calculated that a typical customer's credit balance peaks at a little over £100 each year. Figures obtained from energy regulator Ofgem through a freedom of information request reveal that, in October 2015, the UK's energy suppliers held a total of £3. ...
Energy customers advised… don’t run up a big credit balance image
Source : Guardian [Read Article] Saturday 3rd of December 2016 07:00:15 AM
....”. But he adds that customers who moved to an unknown firm don’t need to panic as protections have been put in place by energy regulator Ofgem to come to their aid if a supplier goes bust. ...
Co-op to supply GB Energy's customers despite £1.8m payout image
Source : Guardian [Read Article] Tuesday 29th of November 2016 06:59:40 PM
. The energy regulator has chosen Co-operative Energy – a company that last month paid out £1. ...
GB Energy customers: what happens now? image
Source : Guardian [Read Article] Monday 28th of November 2016 03:30:37 PM
....Nothing yet – your lights and central heating will continue to come on as if nothing had happened. Behind the scenes, the energy regulator Ofgem is currently in negotiations to appoint what is known as a “supplier of last resort”, a company to which all GB Energy’s customers will be moved en-mass, probably sometime next week. ...
GB Energy Supply ceases trading after wholesale price rises image
Source : BBC [Read Article] Saturday 26th of November 2016 07:45:17 PM
....Ofgem said it would appoint a new supplier and stressed that outstanding credit balances were protected. The energy regulator advised customers to take a meter reading and wait until their new supplier contacted them. ...
Christmas energy price SHOCK: Bills jump by £129 in just TWO months image
Source : Daily Express [Read Article] Thursday 24th of November 2016 03:50:00 PM
....". Figures from energy regulator Ofgem revealed the number of homes switching between suppliers is at a four and a half year high. ...
Energy bills mislead with phantom savings offers image
Source : BBC [Read Article] Friday 18th of November 2016 10:16:21 PM
....Energy customers are being misled by savings offers on gas and electricity bills which never materialise, the BBC Money Box programme has discovered. These phantom savings offers are being made to people on fixed-price energy tariffs and are a consequence of rules imposed by the energy regulator Ofgem. ...
One in three working families struggle to pay energy bills, poll shows image
Source : Guardian [Read Article] Thursday 17th of November 2016 12:01:33 AM
....”. The energy regulator, Ofgem, backed calls for suppliers to alert customers to cost-saving schemes such as the warm home discount (WHD). ...
Greg Clark to meet energy firms over 'profiteering' claims image
Source : Guardian [Read Article] Monday 14th of November 2016 02:11:57 PM
....ON, npower and Scottish Power. That is seven times the 4% figure claimed by the industry and used by Ofgem, the energy regulator. ...
National Grid looks to benefit from Trump infrastructure plan image
Source : Guardian [Read Article] Thursday 10th of November 2016 05:02:29 PM
.... A consortium led by China Investment Corporation is understood to be among the leading bidders. Pettigrew also welcomed a consultation launched by the energy regulator Ofgem to make the UK’s power networks more flexible, including the use of technology such as battery storage and demand response – where firms shift their energy usage to low-demand periods. ...
Smart energy technology 'stymied by current policy' image
Source : Guardian [Read Article] Monday 7th of November 2016 12:01:30 AM
....It called for greater penalties for emissions released by diesel generators, which currently receive payments to be on standby to keep the lights on, as well as separate subsidies. And the thinktank said rules set by the energy regulator, Ofgem, should be changed to encourage local power networks to use battery storage, rather than building new power lines. ...
Price comparison sites to be probed by watchdog image
Source : BBC [Read Article] Thursday 29th of September 2016 07:19:23 AM
....In other words, such sites only need to show deals on which they are making a commission. That decision reversed a previous ruling by the energy regulator Ofgem, which said consumers should see all the deals on offer. ...
Complaints handling by energy suppliers has got worse image
Source : Guardian [Read Article] Thursday 22nd of September 2016 12:18:07 PM
....The way energy suppliers dealt with serious customer complaints deteriorated over the past two years, according to Ofgem, which named npower, Scottish Power and First Utility as the worst offenders. The energy regulator said that while complaints to the energy firms had halved since 2014, satisfaction among those who had complained had worsened over the same period. ...
Co-operative Energy leads list of energy suppliers increasing prices image
Source : Guardian [Read Article] Saturday 10th of September 2016 05:59:23 AM
....”. Figures from the energy regulator this week show that despite more UK households switching, 66% are overpaying because they are still on standard variable tariffs. ...
Energy deal 'tease and squeeze' tactics image
Source : BBC [Read Article] Friday 9th of September 2016 06:52:27 PM
....". Mr Jackson thinks energy regulators should require more transparency on price comparison websites about companies' SVTs. ...
Gas meter blunder leaves thousands of consumers out of pocket image
Source : Guardian [Read Article] Monday 15th of August 2016 02:22:16 PM
....ON, one of the companies involved, admitted that some customers have been paying nearly three times too much for their gas, and that in some cases the overcharging has been going on for 15 years. It is thought that many, if not all, of the big-name suppliers have fallen foul of the problem, and energy regulator Ofgem believes the number of people affected is likely to run into the thousands. ...
First Utility on Ofgem proposals for UK energy market image
Source : BBC [Read Article] Wednesday 3rd of August 2016 11:05:17 AM
....Ofgem's proposals to shake up the energy market put too much onus on the customer and "do not go far enough", says First Utility's managing director. Ed Kamm told the Today programme's Mishal Husain the plans by the energy regulator were in danger of helping the wrong people. ...
Related to :
Ofgem to push for pre-payment meter price cap image
Source : Guardian [Read Article] Wednesday 3rd of August 2016 06:54:02 AM
....Ofgem has said the cap will aim to help the “most vulnerable and least likely to switch” and will save them around £75 a year from next April. The energy regulator said it would also pilot a database service next year, allowing rival suppliers to offer those on standard variable rates for three years or more better value deals. ...
Ofgem energy shake-up 'doesn't go far enough' image
Source : BBC [Read Article] Wednesday 3rd of August 2016 06:32:40 AM
....Ofgem's proposals to shake up the energy market put "too much onus" on the customer and "do not go far enough", says one energy company boss. The energy regulator said four million pre-pay customers would be protected by an interim price cap from next April. ...
Energy schemes to add £100 to UK household bills within five years image
Source : Guardian [Read Article] Thursday 19th of May 2016 11:01:24 PM
....National Grid, which operates pipes and pylons in England and Wales, reported on Thursday that pre-tax profits were up by 15% to £3bn in the year to March. Last autumn, energy regulator Ofgem said the average dual fuel domestic bill was £1,345. ...
Age UK criticised over E.ON partnership image
Source : Guardian [Read Article] Tuesday 19th of April 2016 12:53:53 PM
.... The energy tariff was suspended while Ofgem investigated the matter. The energy regulator said that having investigated the matter it had “concluded that there is no case to open an investigation”. ...
Government's plan for secure power generation 'unfit for purpose': report image
Source : Guardian [Read Article] Wednesday 30th of March 2016 11:01:36 PM
....The claims from the Institute of Public Policy Research (IPPR) comes on the day that one of the UK’s biggest coal-fired power stations, Ferrybridge, formally closes, with several others threatening to follow. There was also a new warning from a leading academic and adviser to energy regulator Ofgem that Britain’s electricity supply is facing “crunch time” this coming winter. ...
Storm of big six lobbying put the dampeners on energy supply reform image
Source : Guardian [Read Article] Thursday 10th of March 2016 02:37:44 PM
....Related: CMA energy report: a licence to print junkmail?. However, the CMA wants to remove the four tariff rule that the energy regulator Ofgem only recently introduced in an attempt to cut complexity and make it easier for householders to know where they stand. ...
Energy report: A spammers' charter? image
Source : BBC [Read Article] Thursday 10th of March 2016 01:47:58 PM
....So how is the proposal supposed to help them?. Anyone on the same standard tariff for more than three years will be put on a database overseen by energy regulator Ofgem, the CMA has proposed. ...
Energy report Q&A – what it means for you image
Source : Guardian [Read Article] Thursday 10th of March 2016 12:31:10 PM
....The CMA admits there is a trade-off between encouraging more switching and ensuring customers aren’t subject to excess or misleading marketing from firms. It said the database would be controlled by the energy regulator Ofgem and that customers could opt out of being listed on it. ...
The end of rip-off energy bills? Millions to have details shared to boost switching  image
....But some critics feared the database idea could simply increase the amount of marketing and nuisance mail that homes already receive. The database of customer details will be controlled by the energy regulator Ofgem and customers can opt out of communications at any time, said the CMA. ...
UK watchdog accused of bowing to pressure from 'big six' energy suppliers image
....The competition watchdog has called for a price cap on tariffs covering the 4m households on prepaid meters and wants a customer database to be set up to make switching supplier more easy. However, the CMA has not widened that safeguard cap to include those stuck on high-cost standard variable tariffs and wants to scrap a four-tariff limit established only recently by energy regulator Ofgem to make price comparisons easier. ...
Source : Reuters [Read Article] Thursday 10th of March 2016 07:23:23 AM
....7 billion pounds a year more than they would have done in a competitive market. The watchdog also proposed that a database is created, to be controlled by the energy regulator, to allow rival suppliers to contact customers who have been on more expensive tariffs for three years or more with better deals. ...
Is it time to regulate energy prices? image
Source : BBC [Read Article] Wednesday 9th of March 2016 02:20:29 PM
.... . Set by the energy regulator Ofgem, it is targeted at the four million households that use pre-payment meters. ...
Npower confirms 2,400 job cuts as it makes £99m loss image
Source : Guardian [Read Article] Tuesday 8th of March 2016 08:45:49 AM
.... In December, it was fined £26m for sending out late and often inaccurate bills and failing to handle customer complaints effectively. Ofgem, the energy regulator, said more than 500,000 customers had been affected and npower’s parent, RWE, said the mistakes were embarrassing. ...
Npower to cut up to 2,500 jobs in UK image
Source : BBC [Read Article] Sunday 6th of March 2016 02:36:59 PM
.... . And in December, Npower was ordered to pay a settlement of £26m - the biggest such payment ever demanded by UK energy regulators - for sending out inaccurate bills and failing to deal with complaints correctly. ...
More than 6m households switched energy supplier in 2015 image
Source : Guardian [Read Article] Monday 22nd of February 2016 12:01:43 AM
. More than 6m domestic energy supply accounts were switched in 2015, a 15% increase on 2014,according to new figures by energy regulator, Ofgem. ...
British Gas bill is cut from £5,000 to £627 image
Source : Telegraph [Read Article] Saturday 20th of February 2016 08:15:39 AM
.... . Further to my involvement, taking into account the fact that an internal error meant that the two correct meter readings had been ignored and the mistakes you had made with the other ones had not been picked up on, British Gas agreed to apply the energy regulator’s code on “back billing”. ...
Save £337 a year on energy bills – at the flick of a switch image
Source : Guardian [Read Article] Saturday 20th of February 2016 07:01:41 AM
....”. In June 2014 the energy regulator announced it was referring the energy market to the CMA for a full competition investigation. ...
'This energy company promises big savings - but I've never heard of them' image
Source : Telegraph [Read Article] Monday 15th of February 2016 09:41:43 AM
Age UK faces new criticism on insurance image
Source : BBC [Read Article] Friday 5th of February 2016 10:08:36 AM
...." . The energy regulator Ofgem and the Charity Commission said on Thursday that they would investigate Age UK's behaviour. ...
E.ON and Age UK urged to refund pensioners over fuel deal image
Source : Guardian [Read Article] Thursday 4th of February 2016 09:11:38 AM
....”. The energy regulator, Ofgem, has already promised to investigate the scheme but both E. ...
Age UK energy deals to be examined image
Source : BBC [Read Article] Thursday 4th of February 2016 06:25:44 AM
ScottishPower cuts gas prices by 5.4pc from mid-March image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 11:07:25 AM
.... The cut will save households £32 a year. Rachel Fletcher, of energy regulator Ofgem, said: "This is a movement in the right direction for loyal customers, but the size of today’s price cut is dwarfed by the savings available by switching from a standard tariff to a fixed deal. ...
Energy supplier SSE to cut gas prices image
Source : BBC [Read Article] Thursday 28th of January 2016 07:18:29 AM
.... This is often the tariff that inactive and vulnerable consumers find themselves on. Earlier this month, the boss of energy regulator Ofgem told BBC News that the big energy companies were "overcharging in many cases" with prices failing to fall in line with dropping wholesale costs. ...

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