Ofgem

[empip]

...Yesterday, energy regulator Ofgem agreed that gas and electricity companies can now insist that new customers (including those switching between energy suppliers) enter into long-term contracts. In other words, Ofgem has ditched the rule which ties customers to energy suppliers for just four weeks...

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2. The 28-day rule required domestic suppliers to offer contracts that could be terminated on 28 days notice. This was originally put in place to prevent existing suppliers signing up customers on long-term contracts to restrict competition from new suppliers.
As part of its review Ofgem has removed this obligation, which may have been preventing suppliers from offering more sustainable energy services to customers to reduce their energy use under long-term supply contracts...

Very admirable - BUT, the companies involved are out to make profits they are not philanthropists .. Ofgem should be biting their ankles on our behalf non-stop, but then we are inhabitants of Treasure Island !

 

[Nige F]

Ye be right there, Jim Lad arhaa