Energy Secretary Ed Davey has set out a series of measures designed to "put consumers in control" of the energy market:
- Energy firms must make switching faster, with the ambition of reducing it to 24 hours instead of the current five weeks
- They will have to provide QR (Quick Response) codes on energy bills so that smartphone users can switch to the best deals in a few clicks
- Firms may have to provide information on cheaper tariffs to switching websites
- They should make every effort to return money to customers with closed accounts
He also announced that his department will consult on introducing criminal sanctions for those who manipulate the energy markets.
New measures making it easier for customers to switch tariffs aimed at helping curtail energy price hikes for consumers have been slammed.
Switching your energy company or tariff can save money on your bills, and also drive competition in the market bringing further savings.
Energy Secretary Ed Davey will reveal details of a new annual review of the energy market, but will stop short of requesting a full inquiry.