OFGEM Kill off the Four Tariff Rule

footyguy

Mark Todd, co-founder of EnergyHelpLine has recently commented as follows:

Ofgem’s four tariff rule has been banished and the floodgates have been opened for energy suppliers to offer as many tariffs as they like. A veritable pick ’n’ mix of tariffs will appear over the coming weeks as energy suppliers race to introduce the most tempting offerings.

Consumers will be faced with a greater range of tariffs to choose from. More choice should ensure fairer prices, better customer service and a greater portfolio of tariffs to fit every lifestyle. Whether you want to make a green contribution, are a big or small energy user or want a long fixed price; there will be a tariff for you. Consumers mustn’t be daunted. Comparison sites can rank the tariffs impartially so they will do the maths and you just need to pick your favourite.

When it comes to energy tariffs, more choice means consumers are no longer restricted to 'square peg, round hole' tariffs. They can now find the best deal for them.

http://energyhelpline.com/fri/fri/domesticenergy/domestic/News/1537/1

It was only as recently as January 2014 that Ofgem, following consultation, introduced the 4 tariff rule in an attempt to make things "Simpler Clearer Fairer"
https://www.ofgem.gov.uk/simpler-clearer-fairer

How times change. If it ain't broke, don't fix it.

D_M_E

If it ain't broke don't fix it - it would appear that in this case this should read

If it ain't broke make sure it's broke and stays broke.

C_Mababejive

I am all in favour of choice and for me, suppliers should be able to publish as many tariffs as they like.

Dird

They should remove the incentives limit now that was threatening OVO's interest on balance offer

lstar337

Will we see a return of two tier tariffs at some point too?

That would put right all of their interfering then.