Business · 3 hours ago
Ofgem Plans Charge That Could Make Cheap Energy Deals Harder to Find
SpicyPhoto via Wikimedia Commons (Creative Commons CC0 License)
Energy regulator Ofgem has proposed bringing back a market stabilisation charge, which would make suppliers pay rivals when they win customers with cheaper deals after a sharp fall in wholesale prices. Ofgem says the aim is to stop firms collapsing during a volatile winter linked to the Middle East conflict. Martin Lewis criticised the plan, calling it a switching penalty that would hurt ordinary consumers.
Reported by The Guardian · How we write briefs