CMA proposes “safeguard” tariff for disengaged customers
The Competition and Markets Authority (CMA) has said it is considering the introduction of a “safeguard regulated” tariff that would protect disengaged customers in the energy market. The authority published the provisional findings and remedies of its investigation into the energy market on Tuesday 7 July. It highlighted a “striking variation” in the prices paid by energy consumers, with companies earning significantly higher revenues from customers on standard variable tariffs than those on other tariffs. It said the regulated tariff would be a transitional measure, with the price regulated either by the CMA or Ofgem. Other proposed remedies included a requirement on Ofgem to operate an independent price comparison site.