Return to all articles

Comment from Co-operative Energy on Ofgem’s proposed tariff reforms

Posted on 19 October 2012

  Ofgem’s outline proposals on tariff reform are good but don’t go far enough. We have been practising these reforms since we launched in May last year. They are common sense and good business practice. We go much further than these reforms in our treatment of customers, giving customers a share in our profits. Ofgem’s proposals won’t address the dysfunctional state of the market, namely that suppliers penalise loyalty in order to reward switchers. Long standing customers on suppliers’ standard tariffs pay up to £300 more than the cheapest (and temporary) deals offered to new customers. These cheapest deals are probably* priced below cost, which is anti-competitive and restricts new entrants to the market. Ofgem should have tackled this predatory and unfair pricing head on. This morning’s proposals get nowhere near that. * This is hard to prove, which is why Ofgem should undertake an urgent investigation of tariff profitability For our detailed response on the individual proposals in the Ofgem tariff reform package, please download this PDF file: Response to Ofgem tariff reforms 19 10 12    

Latest News/Related Articles

Student bloggers share their top tips for freshers

27 September 2017

As bright-eyed freshers across the country start their new lives at university, we spoke to a number of student bloggers to see what advice they had for first years.

Read More

8 simple school fundraising ideas

22 September 2017

Hosting school fundraising events is a great way to get students feeling engaged and excited about helping others, while also raising money for a good cause.

Read More

7 things you didn’t know you could donate to charity

19 September 2017

There are plenty of other ways you can donate to charity and help those less fortunate, even if you don’t have money to spare.

Read More