Tariff Watch is a new series of quarterly reports from the Warm This Winter coalition, produced in partnership with Future Energy Associates (FEA).
Each report will look at how much profit energy suppliers are making from fixed tariffs, and whether or not consumers are getting a good deal.
Our energy system isn’t fair, and it just isn’t working for the UK public.
Rather than having to chase the best tariff, the British public urgently needs to see reform in the energy system, an end to our reliance on gas and a transition to cheap homegrown renewable energy, and improvements in home energy efficiency.
“This report shines a light on the murky depths of Britain’s broken energy system. Without fundamental overhaul of the energy grid and energy tariffs, households will continue to lose out while suppliers will profit.
“Energy supplier profits predicted for the next 12 months could easily cover the cost of a ‘help to repay’ energy debt scheme and leave quarter of a billion pounds left over.
“But in addition to network reform and immediate support, we also need to see urgent and sustained action to reduce our reliance on high levels of energy consumption, such as improving the energy efficiency of homes, driving an increase in cheap renewables and a move away from the fossil fuel profiteers of the past.”