U.K. Regulator Plans Simpler Energy Bills After Cameron Vow
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The U.K.’s energy regulator proposed limiting prices suppliers can offer and telling them to post the cheapest rates on bills as the government backed off a pledge by Prime Minister David Cameron to impose the lowest possible rate.
“Our plans will put an end to consumers being confused by complex tariffs,” Alistair Buchanan, chief executive officer of the watchdog, said today. It’s “the most far-reaching shakeup of the retail energy market since competition was introduced.”