Wednesday 8 January 2014

New Ofgem reforms mean simpler and clearer energy market for consumers

Ofgem have announced new rules for energy suppliers that will help us assess our energy options more easily.

Simpler Choices - from January 2103

From January 2014 the number of tariffs each supplier can offer is limited to four tariffs for gas and four for electricity.
Also, suppliers are now allowed to have only one structure for tariffs - a standing charge (which can be zero), with a unit rate.
Cash discounts will be offered for dual fuel or managing your account online.

Clearer Information - by the end of March 2014

Your supplier will have to tell you regularly in writing which of their tariffs is cheapest for you.
You will have clearer bills, providing key information about your tariff and how much energy you use on each bill.
Ofgem will introduce new tools to help us to compare tariffs - these will be included on bills and other communications.

Ofgem have produced a factsheet that explain the reforms and can be downloaded from their website - please click here to download this factsheet

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