Energy regulator Ofgem has responded to claims that customers will spend more money on their energy bills following confusing changes to tariffs.
An Ofgem spokesman said that Ofgem's reforms will deliver a "simpler, clearer and fairer energy market for consumers", making it easier for them to choose the right deal for them.
Which? is misrepresenting the purpose of the tariff comparison rate and how it fits into the full scope of Ofgem's reform package. The tariff comparison rate acts as a prompt to consumers to take a look at comparative deals . The tool is similar to the 'typical
APR' used in financial services marketing. But it is partnered with personalised consumption information necessary to make a full and accurate cross market comparison , which every supplier must provide via bills and annual statements. Ofgem's reforms will also see suppliers cheapest deals on your bill.
More top news
A pensioner described as a mastermind of the Hatton Garden heist used a Freedom Pass to get there, a court has heard.
Excitement builds among Doctor Who fans after director Peter Jackson sparks speculation he could direct an episode of the hit show.
Amazon's prototype delivery drones have been unveiled in an advert starring former Top Gear host Jeremy Clarkson.