UK price comparison site expects no energy switching growth in 2023

MoneySuperMarket anticipates no substantial revenues from energy switching this year

Summer energy switching in hibernation?

Last month, there were 78% fewer changes of supplier compared to those in June 2021, according to a report

Government to “receive extra billions from soaring energy bills”

It is estimated that the increase in bills from October will generate an extra £2.6 billion for the government

Government launches greenwashing crackdown

Under the new rules, available ‘green’ tariffs will be reviewed to explore the extent of greenwashing in the retail energy sector

Stricter rules ‘will be set to halt energy firms’ greenwashing’

The measures will allegedly protect consumers that may be misled into signing up to ‘green’ tariffs based on false green credentials

New site to help schools get smart about reducing energy bills

Many schools currently go through brokers, who can charge as much as 5p/kWh, which can add up to thousands of pounds a year

Consumers advised to use more than one price comparison site

Consumers should visit more than one price comparison site before switching energy suppliers. The advice from the Competition and Markets Authority (CMA) follows a year-long study into those sites and other apps in various sectors. Companies often pay to appear on the lists of comparison sites, which may receive commission when consumers switch providers. They […]

Energy suppliers could face stricter new financial tests

Both old and new energy suppliers could face tougher financial tests under new plans being considered by Ofgem. The regulator said it will be reviewing its approach to awarding supply licenses as well as financial requirements. It comes amid concerns energy companies can be set up easily and more could go bust following GB Energy […]

Watchdog investigates price comparison sites

The Competition and Markets Authority (CMA) has launched a cross-sector investigation into energy price comparison websites (PCWs). These firms allow consumers to compare the quality and price differences between various energy suppliers and switch contracts to get a better deal. The study aims to look into how they interact with consumers, businesses and the economy. It will also […]

Small energy suppliers slam CMA’s online comparison proposals

Customers who search for cheap energy deals online will only see tariffs from the Big Six suppliers under rules proposed by the competition watchdog. That’s according to six smaller independent providers, which fear the rules would “severely damage” competition in the energy market. GB Energy Supply, Co-operative Energy, Bulb, Go Effortless Energy, So Energy and […]