April 14, 2009
Businesses could save £1.75bn on gas and electricity bills
Alistair Buchanan, chief executive of Ofgem, promised more protection, clearer contract terms and an end to the contentious automatic rollover practice when fixed-term contracts to end as small business owner are traped into the roll over contracts format where they end up paying double charges and can’t switch over to different supplier for the same period, the simple reason is that every major supplier in United Kingdom require written notice before certain period to end any supply contract whether it gas or electicity contract if consumer fails to do so it rolls over to next 12 months.
The measures are part of a package aimed at a crackdown on unjustified price differences, more safeguards for vulnerable customers on pre-payment meters and removing obstacles preventing householders and businesses accessing better offers.