Business energy to benefit from Ofgem rule?

Fix energy prices until 30th September 2017

Looking to switch your business energy supplier? Click here

Use our OFGEM accredited comparison tool to compare the whole market today.

Business energy customers may be pleased to know that a new rule has been introduced to benefit consumer interests.

Ofgem has announced that companies must give at least 30 days notice before putting up prices or making changes that may negatively affect the service people receive.

The new rule will come into effect on April 28th and will alter the current guidelines, which state that energy firms are allowed to inform customers of price increases up to three months after they have been enacted.

Andrew Wright, the organisation's senior partner for markets, asserted: "Today's changes will again show that we are serious about making sure suppliers play it straight with consumers."

Last week (March 21st), a report was published by the watchdog that proposed a myriad improvements to an industry it described as "failing" its clients.

At the time, Ofgem's chairman Lord Mogg said fuel providers had eight weeks to respond to the organisation's plans and suggested that the government may be consulted if necessary.

Posted by Jim Tidy 

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.