Consumers could see their bills swell by £171 on average after the end of their fixed deals

New research from Which? suggests some customers have been hit by overnight price hikes of hundreds of pounds after their supplier went out of business

Co-operative Energy has scrapped its standard variable tariff (SVT) for customers on fixed deals. They will no longer be automatically switched to its SVT when their fixed price tariff comes to an end. It instead switches them to a new fixed tariff, which has no exit fees and runs until May 2019. SVTs are considered […]

  A quarter of people in the UK don’t know if they’re on high-cost Standard Variable Tariffs (SVTs) or not. That’s according to a new survey from Bulb Energy, which suggests young people are less likely to know what deal they’re on than older generations – despite having access to a range of apps and […]

As many as 71% of SSEs’ customers are still on standard variable tariffs (SVT). That’s according to a new report from energy regulator Ofgem, which lists the largest suppliers in terms of which have the most customers remaining on what it calls poor value deals. British Gas ranked second from the bottom, with 67% of […]

Centrica has announced plans to scrap its standard variable tariff (SVT) deals, with the aim of driving down energy costs and making the market more fair. The British Gas parent company said the move will increase engagement and choice, reduce average bills, deliver a fairer allocation of energy policy costs and further protect vulnerable customers. […]

Centrica has announced it plans to scrap its standard variable tariff (SVT) deals to drive down energy costs and make the market more fair. The British Gas parent company said the move will increase engagement and choice, reduce average bills, deliver a fairer allocation of energy policy costs and further protect vulnerable customers. It has […]

SSE has pledged to reduce the number of customers on the default standard variable tariffs (SVTs). In a letter to Energy Secretary Greg Clark and Ofgem CEO Dermot Nolan, Chief Executive Alistair Phillips-Davies said the Big Six supplier will no longer automatically roll customers onto SVTs once they have come to the end of their […]

The lack of consumer interest, knowledge and engagement regarding energy tariffs is a serious problem. That’s according to new findings from the Competition and Markets Authority (CMA), following its investigation into the UK energy market. It presented evidence to the BEIS Committee at Westminster earlier today. The group said suppliers need to encourage customers onto better deals, make their costs and profits more transparent, […]