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MSE News: Government's cheap energy plan unveiled

edited 20 November 2012 at 3:35PM in Energy
63 replies 4.1K views
Former_MSE_HelenFormer_MSE_Helen
2.4K posts
edited 20 November 2012 at 3:35PM in Energy
"A plan to limit providers to four tariffs per fuel and move customers to a supplier's cheapest deal has been announced..."
Read the full story:

Government's cheap energy plan unveiled


Read the previous MSE News story from earlier today:

Government to spell out cheap energy plan

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Replies

  • ConsumeristConsumerist Forumite
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    The issue has become more acute in recent years because of rising wholesale prices which have been passed on to customers.
    And how has government green policy affected energy bills in recent years?

    How efficiently is the energy infrastructure being modernised?
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • WywthWywth Forumite
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    There is a real danger that this move (details yet to be clarified) could result in people being less inclined to switch (because they believe they are automatically being put on the cheapest tariff), even some comparison sites going out of business, resulting in less competition and hence a rise in bills for everyone eventually.
  • jobdone1jobdone1 Forumite
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    It just goes to show, Their is the real world (us the consumer} and the out of touch torries
  • edited 20 November 2012 at 2:04PM
    moleratmolerat Forumite
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    edited 20 November 2012 at 2:04PM
    jobdone1 wrote: »
    It just goes to show, Their is the real world (us the consumer} and the out of touch[STRIKE] torries[/STRIKE] politicians
    What did Labour ever do to fix the system when they were in power ?

    It will probably be another wonderful bit of political interference that will make it dearer for the majority and make little if any difference to that minority it is designed to assist.
  • It sounds like we are going to discover the implications of more regulation (and therefore less competition) in the energy market place by forcing the energy suppliers to limit their tariff options to four each. A majority of MSE members recently voted to renationalise the companies (the maximum of market regulation and the minimum of competition) so will presumably welcome the move.
    This is very noble and self sacrificing of them because one of the unintended consequences of more law/regulation (the only certainty is that there always are some) is that the cheapest tariffs, sought out by savvy consumers who are prepared to take the time to do the research, will disappear. By definition the energy companies cannot afford to put most of their customers on their current cheapest tariff.
    So the proposal may or may not be good for consumers generally - I personally doubt it - but it will definitely be worse for conscientious customers
  • edited 20 November 2012 at 2:31PM
    ConsumeristConsumerist Forumite
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    edited 20 November 2012 at 2:31PM
    Wywth wrote: »
    There is a real danger that this move (details yet to be clarified) could result in people being less inclined to switch (because they believe they are automatically being put on the cheapest tariff), even some comparison sites going out of business, resulting in less competition and hence a rise in bills for everyone eventually.
    If the energy companies are required to advise their customers of cheaper tariffs available from them, there might me more "in-house" tariff switching which will still help reduce energy bills.

    The comparison sites will still have a role when comparing different suppliers tariffs with the cheapest on offer from customers' current suppliers.

    I agree it would be tragic if the comparison sites went out of business. It's often the only way to get detailed tariff information as energy suppliers are more and more resorting to "calculators" which hide the tariff details.
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • moleratmolerat Forumite
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    A good move would be to force the companies to put basic tarriff information, kWh prices, standing charges etc, on the front page. Too many, if not all, simply do not make this information easily if at all available.
  • Dave_saveDave_save Forumite
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    Only the Tories could regulate an unregulated market, and get away with it by calling it, 'a better deal for the consumer'!
  • ConsumeristConsumerist Forumite
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    molerat wrote: »
    A good move would be to force the companies to put basic tarriff information, kWh prices, standing charges etc, on the front page. Too many, if not all, simply do not make this information easily if at all available.
    I agree that it is becoming harder to root out basic pricing data. Energy suppliers should be required to make that information easily available on their websites.

    Since prices vary according to region, it would probably need to be something like a pdf file for each tariff available. I'd certainly like to see that from all suppliers.
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • CrabmanCrabman Forumite, Board Guide
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    This is going to result in a price hike for all consumers and a windfall for the energy companies.
    I'm a Board Guide on the Savings & Investments, ISAs & Tax-free Savings, Public Transport & Cycling, Motoring and Parking Fines, Tickets & Parking Boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Board Guides are not moderators & don't read every post. If you spot a contentious or illegal post then please report it to [email protected] (it's not part of my role to deal with this). Views are mine and not the official line of MoneySavingExpert.com

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