UK energy bills could be reduced following Ofgem proposal

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Britons worried about their increasing energy bills may be reassured to hear that a uniform basic tariff could be introduced, following proposals by Ofgem in March.

The Guardian reports that energy providers will have to offer a standardised rate for their gas and electricity.

This could cost more than current deals being offered by energy providers but it will protect customers against unexpected price hikes.

A basic uniform tariff will mean that energy bills can only be increased by a certain amount each year if at all.

This follows an investigation by Ofgem, which was launched in November last year, into the price hikes in energy prices from several companies.

http://news.moneyexpert.com/financial-news/none/800370929/ukenergybillscouldbereducedfollowingofgemproposal/article.aspx

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