MSE News: Households will get energy firm's cheapest deal, Government says

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"The Government has today confirmed it is still pressing ahead with plans to force energy companies to limit costs..."
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Households will get energy firm's cheapest deal, Government says

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Households will get energy firm's cheapest deal, Government says

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So we'll prevent anyone getting a nice cheap deal and force everyone onto the supplier's standard (expensive) tariff.
They'll be swigging the Moet back at the shareholders annual party this year!
Don't they realise by doing this they are reducing competition in the market place? I don't want to pay more so that others pay less. What the hell is that all about?
Let those that don't shop around pay more! It's no different to grocery shopping. You look for a product at a price that suits you.
For people like us it's bad news but we are definitely in the minority! We have had it good for years on the backs of those on standard deals being ripped off. The good times are over for us, the new initiative will be fairer for the vast majority, we'll just have to deal with it
A bit premature to assume that, I would say.
It may be meant to be fairer for the vast majority, but I'm sure the energy companies will be looking for wriggle room to make it unfair for all (except themselves).
Given that this initiative appears to have been thought up on the spur of the moment by the PM at question time without consulting the minister first, I don't have much hope for it.
Not Buying it 2015!
If I swapped today, my bill would increase by a minimum of 13% using Martin's new energy club and I only changed supplier 5 months ago. So I think a 30% increase is too small, it will be more like 50% by the time the Bill becomes law.
If you ignore the fact that tax payer funded library's up & down the country provide free Internet access.
Yes, I'm sure non net savvy people will be only too willing to administer their G&E account from their local library :cool: Dress it up how you will but us rate tarts have been getting 'great' deals on the backs of the supplier's existing and loyal standard rate customers being royally shafted. And, putting aside selfishness, that ain't right. Why should that old widow down the road who is neither net-connected or net savvy fund the deals the likes of you and I take advantage of? Like I said before, the disparity in charges between a standard tariff and online tariff is in no way connected to how much each account costs to administer. None other than Phil Bentley (British Gas MD) admitted this.