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City A.M.: Simpler energy tariffs will worsen fuel poverty and harm innovation


David Cameron has backed proposals by the regulator Ofgem to simplify energy tariffs. Under the new scheme, suppliers will be restricted to offering no more than four tariffs for each type of fuel, and customers will be put on their supplier’s lowest variable rate unless they choose otherwise. But will these proposals help customers with their energy bills, as claimed? No, they will increase energy prices and exacerbate fuel poverty rather than alleviate it… Stephen Littlechild is fellow at Judge Business School, University of Cambridge…”

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