Will abolishing the four tariff rule work?
Maybe. Those supporting the CMA decision can argue with some justification that the four tariff rule simply wasn’t having the desired effect, therefore it’s better to try something else rather than just carrying on as we were.
Critics would suggest though, that before the four tariff rule was introduced, we had around 500 tariffs that bamboozled the consumer. The new CMA proposal may well give us more tariffs to choose from – but will we be able to find them?
Compare the Market works to encourage people to compare energy tariffs and give them the opportunity to save money by switching from fixed tariffs to dual fuel. In only the first four months of this year we helped our energy customers save over £34 million.
We’ll continue to work hard to get more and more people to compare energy prices. 93.3% of customers found our energy insurance experience easy or very easy*. Together we can help not only you to save money but also help drive the prices of energy down for everyone, befitting you all.
*For the period 1st March to 31st August 2018, 1,892 people responded to the question “Overall how easy was it for you to get a quote” for Energy, 1,766 responded with a score of easy or very easy (93.3%).