Energy regulator Ofgem has unveiled plans to force suppliers to inform its customers about the cheapest gas and electricity tariffs they have on offer.
Ofgem chief executive Alistair Buchanan said: “Our plans will put an end to consumers being confused by complex tariffs and will usher in a simpler, clearer, fairer and more competitive energy market for all consumers.”
This announcement finally brings to an end days of uncertainty after PM David Cameron brought up the issue during Prime Ministers Questions, when he said he planned to force firms to put customers on their lowest tariffs.
While these changes are still at the consultation stage, if they are given the green light they could make the energy market much more regulated and allow customers to take more control, basically stopping them getting ripped off.
Those within the energy industry were said to have been greatly surprised by Cameron’s initiative, I’m sure not half as shocked as a lot of their customers who are facing a hike in their bills, maybe this will be the beginning of the end for the energy industries gluttony.
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