EDF wants 'petrol' pricing

Energy supplier EDF called for petrol forecourt-style pricing in a bid to help consumers identify the best deals.

Ofgem warns single-unit energy pricing 'not simple'

A gas hob with an EDF Energy bill next to it.
Energy watchdog Ofgem said it shared EDF Energy's goal of a simpler energy market. Credit: Press Association

Energy watchdog Ofgem said it shared EDF Energy's goal of a simpler energy market, but warned the single-unit price option was "not as simple as it sounds".

Ofgem's retail markets and research partner Maxine Frerk said it did not take into account discounts for payment method, dual fuel and paperless billing.

Ms Frerk said, "Our extensive consumer research indicates that customers value these discounts, and our reforms seek to deliver simplicity while retaining the choice that consumers value".

EDF Energy calls for petrol station-style pricing reform

One of the UK's biggest energy suppliers has called for petrol station-style pricing in a bid to help consumers identify the best deals.

EDF Energy, which supplies 5.5 million households and businesses, said it will implement single-unit pricing for gas and electricity if all other suppliers also committed to doing so.

An EDF Energy symbol.
EDF Energy supplies 5.5 million households and businesses in the UK. Credit: Ian Nicholson/PA Wire

It would mean that customers would only need one price - the unit price - to compare between different suppliers.

Energy prices are currently set regionally with some suppliers including a standing charge and a price for each unit of electricity and gas consumed.

Other suppliers operate a two tier pricing structure, where customers are charged a lower unit rate once a certain amount of energy has been used.

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