Business and Energy Secretary Greg Clark has announced that an energy supplier league table is to be published to increase transparency on the numbers of people on expensive standard variable tariffs.
Published by Ofgem, the table will compare the average energy bill paid by someone on a standard variable tariff for the larger energy companies with the deals available from the 10 cheapest suppliers, giving consumers the information they need to switch and save.
The government has also launched a call for evidence on implementing better access to customers’ energy use data to make switching easier and ensure families get the best deal for them.
Clark said: “Millions of people across Britain continue to pay too much for their energy. The measures announced today are a positive step to help more people benefit from increased choice and competition. As the government has made clear, where markets are not working for consumers – in energy or otherwise – we are prepared to act.”
Gillian Guy, chief executive of Citizens Advice, said: “This league table will lift the lid on the price difference between standard tariffs and cheaper deals, helping those customers who are currently paying over the odds for their gas and electricity identify a better rate. We’d also like to see energy companies do more off their own back to help customers who are on a low income, like moving them to a cheaper deal.”