February 18th, 2015
Episode 148 of 1333 episodes
Energy suppliers are routinely charging their long-term customers higher prices, an update on early evidence from a competition probe suggests. The Competition and Markets Authority (CMA), made a statement about its investigation into the UK's energy market this morning. Evidence from the competition inquiry suggests long standing customers with the Big Six energy companies are being consistently charged higher prices compared with those on non-standard tariffs. A disproportionately large amount of those on these tariffs who could have saved money by switching are vulnerable customers. Our Industry correspondent John Moylan explains the findings and is followed by the Energy Secretary Ed Davey and the Shadow Energy Secretary Caroline Flint.