Auto-switching has been put on hold due to the energy crisis

Auto-switching has been put on hold due to the energy crisis: The government has declared that it would halt its efforts to implement and test opt-in and opt-out energy switching.

The public consultation on the plan, which began on July 23rd, sought feedback on suggestions for an opt-in switching programme, in which those on the most costly tariffs would be provided a straightforward way to move to a cheaper rate.

The idea also includes testing opt-out switching, in which consumers who haven’t moved in a while get transferred to a competitive new contract unless they opt out.

According to the Business and Energy Secretary, the government intends to update its energy retail market strategy, which will be published soon.

“To enable this refresh of our overall retail market strategy and to help stabilise the market in the short-term, the government is therefore pausing policy development on the recent public consultation on opt-in and testing opt-out switching.” said Kwasi Kwarteng.

Ofgem released a set of reform proposals aimed at strengthening the industry in the face of potential energy price shocks a few days ago.

Auto-switching has been put on hold due to the energy crisis:

--

--

--

Saving your business money on all utilities and providing you with up-to-date news as well as tips on saving money.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Withdrawing security from Imran Khan and providing it to a criminal is reprehensible: Fawad

https://keshavsgk.blogspot.com/2021/12/gk-question-by-keshav-singh.html

What I learned from South Africa

Russia and its ‘Sputnik V’ vaccine : what the West failed and neglected

A diversified portfolio makes Namibia Critical Metals an investment vehicle you should not ignore

Life in prison for member of German neo-Nazi network found guilty of 10 murders

Bengal Polls 2021: BJP leader Rahul Sinha barred from campaigning for two days, Dilip Ghosh gets EC…

December 1 — Save the Date

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
British Utilities

British Utilities

Saving your business money on all utilities and providing you with up-to-date news as well as tips on saving money.

More from Medium

Don’t Forget to Breathe.

How the Restaurant Industry Has Helped My Social Anxiety

Embracing a new mindset

Closer To The Truth On CureAlls