A PYMNTS Company

UK: Ofgem reforms take stab at energy fees

By  |  January 5, 2014

The UK’s energy regulator Ofgem announced new reforms on energy taxes aimed at simplifying the billing process for consumers, part of efforts to monitor energy market competition.

Following its 2010 Retail Market Review, Ofgem is implementing policies it claims will help consumers find the best deal for their energy needs; critics, however, say that the reforms do not solve the complexities faced by customers looking to get a good deal.

According to Ofgem, even more reforms will be implemented by this April, and the authority vowed to take more action if it sees “evidence of further barriers to competition.”

Consumer watchdog group Which? applauded the reforms, though noted that they do not solve all competition issues in a market that has been the recent target of consumer and political criticism over high prices and low consumer choice.

Full Content: BBC

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.