Standard variable tariff

This could happen as they are automatically switched onto more expensive ‘default’ tariffs

New legislation to cap energy prices and help consumers save money is being introduced to Parliament today. The Domestic Gas and Electricity (Tariff Cap) will allow Ofgem to cap energy tariffs until 2020, protecting 11 million households across the UK, who are currently on a standard variable or other default tariffs. The cap, which could […]

  As many as 13 million households are unaware they could be on the UK’s worst value energy deals. That’s the verdict from customer communication specialist Wiraya, which has claimed of the 66% of UK households estimated to be on the worst value tariffs by Ofgem, just 17% are actually aware of it. In a […]

Energy suppliers should be fined for ripping off consumers. That’s according to a new report from the Social Market Foundation (SMF) think tank, which suggests the UK needs to do more to encourage energy suppliers to move customers off their most expensive contracts. It suggests government and regulators should ensure people who don’t switch suppliers […]

Draft legislation to cap energy prices is to be published today. The Department for Business, Energy and Industrial Strategy (BEIS) said the cap would apply to households in England, Wales and Scotland on standard variable and other tariffs. The Bill would require Ofgem to consult and impose the cap “as soon as practicable” after the […]

Energy supplier E.ON has announced plans to phase out the controversial standard variable tariffs (SVTs) from next year. The company believes SVTs “have had their day” so they will no longer be the default option for customers coming to the end of their existing tariff. They will instead have the option to “roll over” to […]