Ministers believes a single unit price for energy has “merit” but are cautious about fully backing the proposal because it could effect vulnerable energy users.
EDF Energy made a call for suppliers to offer petrol forecourt-style prices for gas and electricity over the weekend and said this would make it easier for customers to compare tariffs.
Responding to the proposal, Energy and Climate Change Minister Greg Barker said the Coalition is “actively considering” the idea as part of energy tariff reforms.
But there is cause for caution, he said: “There are potentially unintended consequences inherent with single unit pricing.”
The minister went on: “We are particularly concerned about the impact on vulnerable high energy users including pensioners, the disabled and those with young children. We need to make sure that we fully understand the potential impacts before making a decision on whether to move in this direction.”