Ofgem has today published new data comparing how much customers on standard variable tariffs with each supplier could save by switching to a cheaper deal.
The at-a-glance guide will boost transparency around energy bills and make it easier for customers to see how much they could save by switching tariff. Ofgem will update the data periodically. The data also shows what proportion of each supplier’s customers is on standard variable tariffs, how this tariff compares to the cheapest deal offered by each supplier and how it compares to an average of the ten cheapest deals on the market from suppliers.
Around 66 per cent of all households are on standard variable tariffs, which are typically more expensive than fixed deals.
Notes to editors
Ofgem is the independent energy regulator for Great Britain. Its priority is to make a positive difference for consumers by promoting competition in the energy markets and regulating networks.
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