An energy price cap for vulnerable customers could be introduced as part of a raft of Ofgem proposals – but energy switching sites will no longer have to show you by default ALL the tariffs you can switch to, following a U-turn by the regulator.
The energy regulator has put back plans to introduce a 'switching database', which would allow suppliers to contact rival firms' customers on the most expensive standard variable energy tariffs and offer them a cheaper deal.
Energy suppliers won't be able to claw back cash from customers for energy used more than 12 months ago under new proposals by Ofgem to rein in 'back-billing'.
Millions of SSE customers on its standard tariff will see their energy bills jump from 28 April – the firm's hiking electricity prices by 14.9% and keeping gas prices steady, meaning those on a dual fuel tariff face an average 6.9% rise.
The regulator Ofgem is urgently contacting a number of major energy suppliers about their exit fee policies, after a MoneySavingExpert.com investigation revealed many customers with fixes ending have been wrongly told they'll have to pay to switch.
British Gas is to launch a customer rewards scheme from April that will include Sky TV deals and energy discounts for its longest-standing customers. However, it's not yet clear what the savings will be, so you should continue to keep an eye out for cheap deals available elsewhere.
22 February 2017
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