Regulator launches green tariff guidelines

DON'T WAIT FOR THE ENERGY PRICE CAP TO SAVE YOU!

 
Standard energy rates will be capped from January 2019, but switching with us could save you as much as £482* on your annual energy bills.

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £482 or more.

Ofgem has launched a new set of regulations created to ensure that energy suppliers have correctly described certain products as green tariffs.

According to the energy market regulator, the new regulations outline that gas and electricity providers can only suggest that deals are eco-friendly if they have invested extra finance into renewable developments.

Reuters reports that the voluntary guidelines may also become compulsory if providers do not follow them and also prove their investment in the projects.

Talking to the news agency, Ofgem chief executive Alistair Buchanan said that it is hoped the measures will "shine a light" onto the green products being offered in the UK.

He added: "We want suppliers to stop re-packaging their existing environmental activity as green immediately and to align their marketing with our guidelines by September 2008."

Earlier this month, Ofgem unveiled new proposals to make amendments to the governance of energy industry codes.

The changes to the process are expected to speed up further amendments and strengthen competition in the sector.

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.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more