Clearing up the Energy Issue
Ofgem has proposed a new code of practice to clarify energy tariffs and to address ‘unjustified price differences’ for those customers who pre-pay or cannot take advantage of dual-fuel discounts. The proposals aim to make tariffs more transparent, give both private and business customers greater control over how they pay for their energy and offer all customers a greater understanding of what they’re paying for.
While the proposals will mostly benefit private consumers, businesses will also see some positive effects (if they’re taken on board). Clearer contracts and the end of automatic-rollovers when the contract ends could mean that businesses will have greater flexibility over their supply. Good news then for the 74% of small businesses who, according to The Forum of Small Businesses, have issues with their energy suppliers.