Energy retail market: letter to Ofgem
Letter from Secretary of State for Business, Energy and Industrial Strategy Greg Clark to Chief Executive of Ofgem Dermot Nolan.
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The letter seeks advice on the steps Ofgem will take to address unfair practices in the energy market to help reduce energy bills. It focuses on 3 areas:
- safeguarding customers on the poorest value tariffs
- ensuring that micro businesses are fairly treated
- considering the future of standard variable tariffs