There are very few energy companies in the UK that have openly said that they support the consumer watchdog Which? and its fight to switch to a single unit price for energy. However, it now appears that EDF Energy has said that it backs this proposal. It feels that it would be far less complex than the current tariffs that people are used to today.
This new proposal by Which? would make looking at energy prices a lot like looking at petrol prices. This way consumers could quickly and easily see where they are getting the best deal. It works for the petrol stations, so why can’t it work for the energy market?
Right now energy prices in the UK are a huge topic. Many consumers from all over the UK are battling their energy suppliers for information on what their cheapest tariff is. However, even if they find the cheapest tariff offered by that company, it is even harder to find out how that tariff stacks up against other energy companies. In short, it is nearly impossible for people to know if they are getting the lowest price available on energy.
The executive director of Which?, Richard Lloyd, said that rising energy prices in the UK are one of the biggest worries that the average homeowner in the UK is concerned with. That being said, most people do not switch to save money. This is because the energy market is very complicated, and it is hard to see who is offering the best deal.
That being said, Lloyd added that it is great to see that some energy companies, like EDF Energy, are supporting the idea of a single unit price for energy tariffs. This might just be a big enough change to give people the upper hand when searching for the best energy deal. He went on to say that Which? recently found out that eight out of every 10 consumers can easily identify the cheapest energy deal when using this new single unit price. Due to this, nearly 10,000 people have already joined a campaign in order to get the energy industry to switch over to this new style.
It is not known if other energy companies support this proposal the same way that EDF does. It is known that some executives in the energy industry suggest that this new proposal is not going to help people. In fact, they believe that switching it now might only confuse people even more.