Ofgem’s response to the Energy and Climate Change Committee’s report: Protecting Consumers – Making Energy Price Comparison Websites Transparent
Press release
Publication date
Industry sector
Supply and Retail Market
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A spokesperson for Ofgem said:
"Ofgem shares the Select Committee’s view that consumers should be able to trust price comparison websites and particularly those accredited by Ofgem. This is important as consumers can save around £200 by switching and the websites can play an important role in helping them compare deals.
"We have set much tougher requirements for the sites we accredit, so consumers should feel confident using them to find a better deal for their energy. This includes banning sites from hiding cheaper deals from consumers and making their commission arrangements much clearer. Most accredited sites are already complying with our new rules.
"Following Ofgem’s referral, the Competition and Markets Authority (CMA) is now considering the role of price comparison sites as part of its wider review of the energy market. We will carefully consider the Committee’s recommendations alongside the CMA’s findings."