SVT
Suppliers allegedly refused to take on new customers in light of the crisis in the energy retail market
Around 2.3m customers’ bills will rise to £1,138, the maximum amount suppliers can charge in line with Ofgem’s energy price cap
The 3.8% increase will come into effect on 1st October 2018
The price cap on energy bills will hinder competition and innovation in the market. That was the stark warning from Sarwjit Sambhi, the Managing Director of UK Home at Centrica, who alongside a number of other energy suppliers and experts, was questioned by a BEIS Committee this morning in Westminster. Rachel Reeves MP, Chair of […]
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 […]