Energy companies would have to inform customers before they change their prices, under an amendment to the Energy Bill tabled by the Liberal Democrats today.
Currently energy companies have 65 working days to inform customers that they have changed their prices, while consumers get only 20 working days to change their tariff once they have received notice.
The ‘fair notice of fuel prices’ clause is one of a series of proposals from the Liberal Democrats to improve the effectiveness of the gas and electricity regulator, Ofgem.
Commenting, Liberal Democrat Shadow Energy and Climate Change Secretary, Simon Hughes said:
“Energy companies have taken advantage of their customers for too long.
“At a time of rising bills, households need a regulator with their interests at heart.
“The Liberal Democrats want to make sure Ofgem acts to ensure fair bills.”