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David Cameron: we'll force energy companies to offer lowest tariffs
The Prime Minister says legislation will be introduced to ensure customers are offered companies' best deals.
David Cameron: we'll force energy companies to offer lowest tariffs
David Cameron has announced that energy companies will be forced to offer customers their lowest tariff.
The Prime Minister’s declaration follows a string of price rises from four of the ‘Big Six’ energy companies – SSE, British Gas, npower and Scottish Power.
In Parliament, Mr Cameron said that legislation would be introduced, presumably as part of the forthcoming Energy Bill, to force companies to automatically offer their best deal.
However, the Department of Energy & Climate Change later appeared to backtrack, telling the BBC that “all options” were being looked at.
And some experts claim the plan would only limit competition among energy companies.
Ed Davey, the Secretary of State for Energy and Climate Change, is hosting an event this morning (Thursday) on the Energy Bill.
We’ll update this story with more information from this event if the planned legislation is discussed.
What do you think of the planned legislation? A good move or too little, too late? Let us know your thoughts in the Comments box below.
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4Comments
19/10/2012 03:42
They should put everyone on the cheapest tariff by default. They can offer others and send info on these with the bill. If they did this, they would set the tariffs out a lot clearer, too, you can bet!
My mum got a letter this week saying the cost of her electricity was going up. It said it was going up by several pence per unit. She asked me how much a unit 'did'. I don't know. What I COULD work out though, was that her electricity was now going to cost 9.9% more.
That they think they can justify this sort of increase is ridiculous. SOMEONE needs to haul them up on this. It seems those in positions of power just don't have the guts.
My mum got a letter this week saying the cost of her electricity was going up. It said it was going up by several pence per unit. She asked me how much a unit 'did'. I don't know. What I COULD work out though, was that her electricity was now going to cost 9.9% more.
That they think they can justify this sort of increase is ridiculous. SOMEONE needs to haul them up on this. It seems those in positions of power just don't have the guts.
18/10/2012 20:16
the energy companies will only change to one tariff, the price for this tariff will be the highest possible
they don't care about the consumers, its only the shareholders that will benefit. the big six as they are
known do not create competition in the utilities market. by switching suppliers i never saved anything
these companies dictate the price you pay and that price is obscene and way over the rate of inflation.
i as a pensioner am going to really struggle to pay these prices
disgusted Jim
19/10/2012 12:56
mmmmmm looks like there's a gagging thing going on here, the only 2 peoples comments msn allow to be shown on newsest, oldest, best, worst, controversal, are helena s and james sayers, and you take this off the main page too, how is it possible these 2 have the best and worst comments and they are the same, not good you do this msn, you only appear like the rest ,,, under orders to show what the higher authorities say you can show, no freedom of speech here, just close it down before too many see it.
23/10/2012 12:57
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