ScottishPower to hike energy prices by £63 a year

The 5.5% increase in gas and electricity prices will come into effect on 1st June 2018

Around 250k UK homes ‘face £200 jump in energy prices’

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

New energy switching trial to cut 50,000 customer bills

Around 50,000 customers are to be offered a better energy deal to reduce bills under a new switching trial. Ofgem plans to launch the trial of a simplified collective switch in the coming weeks to help customers save money by negotiating a good deal with a supplier on their behalf. Consumers on standard variable tariffs […]

Co-op Energy scraps standard variable tariff

Co-operative Energy has scrapped its standard variable tariff (SVT) for customers on fixed deals. They will no longer be automatically switched to its SVT when their fixed price tariff comes to an end. It instead switches them to a new fixed tariff, which has no exit fees and runs until May 2019. SVTs are considered […]

Quarter of Brits ‘in the dark over SVTs’

  A quarter of people in the UK don’t know if they’re on high-cost Standard Variable Tariffs (SVTs) or not. That’s according to a new survey from Bulb Energy, which suggests young people are less likely to know what deal they’re on than older generations – despite having access to a range of apps and […]

Centrica to cut SVTs: Industry responds

Centrica has announced plans to scrap its standard variable tariff (SVT) deals, with the aim of driving down energy costs and making the market more fair. The British Gas parent company said the move will increase engagement and choice, reduce average bills, deliver a fairer allocation of energy policy costs and further protect vulnerable customers. […]

Centrica to scrap standard variable tariff

Centrica has announced it plans to scrap its standard variable tariff (SVT) deals to drive down energy costs and make the market more fair. The British Gas parent company said the move will increase engagement and choice, reduce average bills, deliver a fairer allocation of energy policy costs and further protect vulnerable customers. It has […]

SSE pledges to cut number of customers on poor value energy deals

SSE has pledged to reduce the number of customers on the default standard variable tariffs (SVTs). In a letter to Energy Secretary Greg Clark and Ofgem CEO Dermot Nolan, Chief Executive Alistair Phillips-Davies said the Big Six supplier will no longer automatically roll customers onto SVTs once they have come to the end of their […]