Huppert welcomes energy market reforms

7 February, 2012 No Comments

February 6, 2012

Energy market reforms which will make it easier for consumers to get the best deal have been backed by Cambridge MP, Julian Huppert.

He was given the chance to have his say on the plans at an event organised by energy regulator, Ofgem at the House of Commons.

Under the proposals, each energy supplier will have to offer a no frills tariff with a simple unit price and a fixed standing charge.

It is expected that around 75 per cent of consumers on standard tariffs will benefit from the changes.

Energy companies would also be required to make their bills, annual statements and other communications to their customers clearer and easier to understand and they would be bound by new, enforceable standards of conduct.

Julian said: “Any simplification of the energy market which makes it easier for consumers to understand the different tariffs available and exactly what they are being charged for is extremely welcome.

“We need the system to be completely transparent so that consumers can get the best value for money while at the same time saving energy where they can.

“These are very difficult times and we have seen energy prices going up and up. Consumers need to be confident that their energy supplier is the best one for their needs and if not, they need to be able to swap with ease.”

Ofgem is currently consulting on its proposals which were drawn up after identified competition was being stifled by a combination of complex tariffs, poor supplier behaviour and a lack of transparency.

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