Collective switching is a relatively new activity in Great Britain energy markets where consumers group together, typically facilitated by an independent organisation which negotiates with multiple suppliers, to secure a deal on their energy supply.
An interim regulatory mechanism may be required to build consumer trust, increase transparency and facilitate positive opportunities, where appropriate, prior to the conclusion of the overall Third Party Intermediaries programme. This consultation sets out our analysis of collective switching and our proposed short-term remedial measure. These options include a voluntary code of practice for collective switching, similar to the Confidence Code, or expanding the Confidence Code.
This consultation has closed and was not progressed further.