Ofgem to tackle 'complex and unfair energy bills'

[Chrysalis]

Originally Posted by Taf

thanks for digging that up, shocking state of affairs.

so in 6 years the retail price has almost doubled, so about 16-17% annual inflation.

---------- Post added at 17:40 ---------- Previous post was at 17:36 ----------

Originally Posted by Tali

Yes, there is a delay. The way I would expect it to work is that when the price spikes, the suppliers protect the consumers from those spikes. But the supplier will benefit when the price drops by not passing on the full amount of the reduction, thus smoothing the price that is paid. Without seeing the actual data involved I can't comment whether this is the case or not but I do feel that the case the media puts forward is sometimes skewed to make the story sound more sensational.



You are absolutely right. The tariffs available do seem overly complex. Whether this is intentional or not, I don't know.

I'm not sure whether a single tariff going forward is the answer either. Are OFGEM propsing just ONE tariff per type? What about customers on Economy 7 tariffs? What about customers not on E7 tariffs? What about region specific tariffs (Heatwise, E10, Split E10)? All these different tariffs do have benefits for each customer, but at the same time add complexity.

I would support scrapping rubbish like one price for first 900 units usage and then another price after. Ultimately tho if this is the only change simplification then we will all still be ripped off. For most of us a cartel is obviously happening, but for whatever reason ofgem dont want to come to that conclusion.