No easy fix: tariff prices remain high

In response to the unprecedented increases in global gas prices, Ofgem announced last week time limited measures “to help stabilise” the supply market. This includes a requirement for all domestic suppliers to offer existing customers the same tariffs available to new customers from 14 April, echoing changes made by the Financial Conduct Authority in the home and motor insurance markets, which were implemented in January this year. This ‘Chart of the week’ looks at the cheapest energy tariffs available across the last 18 months, and the impacts on consumer engagement.

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