Energy trading scheme 'will hurt poor dual fuel provider customers'

Between 1 July 2019 and 31 December 2019, at least 10% of people who switched energy supplier for both gas & electricity with Uswitch saved £479 or more.

Plans to allow households to trade their quota of energy could hit the poorest customers of dual fuel providers particularly hard, says an expert.

Maria Wardrobe, director of communications at National Energy Action, says the proposals could even put the health of vulnerable citizens at risk.

The All Party Parliamentary Group on Peak Oil and the Lean Economy Connection recently released a report suggesting Tradable Energy Quotas is a good idea, as it would restrict each family to a certain amount of power.

It would also mean those in a poorer situation can make extra cash by selling their excess fuel.

However, Ms Wardrobe notes this is incentivising using less to those who already may be cutting back due to financial pressure.

"Many already under-consume to save money where they can, risking their health. Ideally we would like them to be able to consume more, not be anxious or concerned about the extra cost," she states.

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.