Under new plans outlines by the telecoms regulator last week, mobile users will be able to switch to new providers by sending a text to their current handler.
Almost a third of UK households prefer to have receive support and advice on the phone or face to face when switching energy suppliers, according to research from price comparison site Money Expert.
Following a leaked draft last week, the Labour Part Manifesto has been officially published, and contains provisions aimed at nationalising UK energy infrastructure.
Prime Minister Theresa May wrote in the Sun this week defending her plan to introduce a cap on standard variable energy tariffs as consumer magazine Which? reports that thousands of customers will be moved onto those very tariffs this month.
Challenger gas and electricity supplier Octopus Energy is launching a new variable tariff that directly tracks wholesale energy costs, rather than charging customers an independent standard variable rate.
According to a recent study, should the UK opt for a hard Brexit and resort to WTO rules, the cost of trading oil and gas internationally could nearly double.
Responding to the Conservatives’ pledge to cap prices for energy tariffs, Scottish Power has suggested scrapping standard variable deals altogether.
The Conservatives have pledged to allow Ofgem to implement a price cap on energy tariffs should they win the upcoming 2017 general election, causing the value of shares in Centrica and SSE to dip.
Following a spate of price hikes from big six energy suppliers, the government has announced that they will be taking “muscular” action to protect consumers.
French-owned EDF Energy has drawn criticism for announcing the second hike in energy prices this year.