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Monday, June 27, 2011

Chris Huhne acts on energy companies

Congratulations to Energy Secretary, Chris Huhne who, according to the Belfast Telegraph, has told energy firms that they must bring forward voluntary plans to ensure customers can switch to the best deals, or they will face legislation forcing them to do so:

In an open letter to the bosses of gas and electricity suppliers, Energy Secretary Chris Huhne calls for them to offer their ideas within the next fortnight and reach an agreement by the end of the summer.

If a voluntary deal cannot be reached, he is threatening to use powers in the Energy Bill to impose requirements for companies to make bills clearer and help people save money by switching to the most cost-effective tariffs.

The Government believes eight million households are paying more than they need to simply because they do not pay by direct debit, for example. Action on the issue was part of the Coalition Agreement.

Fewer than one in five people are shopping around and switching energy company each year. People are missing out on the opportunity to save, in some cases, literally hundreds of pounds.
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