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Do power companies feed fake offers into comparison sites ?

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  • MWT
    MWT Posts: 10,346 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Gerry1 said:
    So it's not a bit strong to say there's sometimes a whiff of Ponzi about it.  Even dozy Ofgem has finally woken up and realised there's a problem, so it must be bad !  They are concerned some suppliers may use customers’ surplus credit balances to fund “otherwise unsustainable business practices”, so they're proposing that energy suppliers should return £1.4 billion to customers in Britain (£65 per household on average) by setting the payments so customers’ credit balance returns to £0 every year on the anniversary of when they started the payments.
    Unfortunately that solution is going to create more problems than it solves, and what you are arguing for is effectively higher energy prices...
    If the energy supplier must cost into their products the cost of lending some customers money to cover the results of an early Autumn switch, then those who switch in late spring will be paying extra to cover it...
    It still seems a lot easier to me to simply require customers to stay in credit...

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