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October 31, 2011
 

David Cameron calls for action to cut energy bills

The government needs to work 'harder and faster' to bring down energy bills, the prime minister said ahead of a recent summit on gas and electricity prices.

The energy secretary had invited the six biggest power firms to meet consumer groups and the regulator Ofgem.

Mr Cameron had said they wanted to work out how to create a 'trusted, simple and transparent' market.

 

Source:  bbc.co.uk

Filed under  //   energy prices  

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October 26, 2011
 

Simpler energy tariffs on the horizon

Gas and electricity providers are to be forced to introduce simple tariffs, clearer bills and annual statements under radical reforms proposed by Ofgem.

The aim of the proposals is to enable all consumers to compare prices easily and allow those seeking more innovative tariffs to be free to choose them.

Consumers wanting a no frills tariff will get a simple unit price and a fixed standing charge which will be set by Ofgem.

The announcement comes at the same time that the regulator revealed profit margins at energy firms had risen to £125 per customer per year, up from £15 in June.

Read the full article at moneyfacts.co.uk

 

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