Energy firms will have to dramatically simplify the way they charge energy to ensure customers can clearly compare prices under plans confirmed by regulator Ofgem today. Ofgem is pushing suppliers to make bills clearer for customers with a new generation of no-frills 'standard' tariffs that are made up of one universal standing charge to cover fixed costs, with another unit charge to reflect what the supplier is charging for actual energy used.
If firms agree to the measure then all suppliers will have to provide the simplified 'standard tariff' as part of their offerings to customers.....Read more here---> Energy giants told by Ofgem to scrap baffling bills and change to simplified standard tariffs | This is Money