UK energy bills could be reduced following Ofgem proposal

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.