The regulator said it would not lift a ban on so called “acquisition-only tariffs” that came into force in April 2022 at the height of the energy crisis to help restore stability to the market.
Ofgem said that following a consultation it had decided the ban must stay in place until the end of March next year after an autumn and winter when bills are expected to start going up again.
It said that lifting to ban would risk “returning to an unfair market for inactive switchers — often referred to as the “loyalty penalty” — and damaging consumer trust.”
Before the ban came in, suppliers would routinely offer exclusive deals to new switchers in a bid to claw market share away from rivals.
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ARTETA GETS NEW DEAL WITH GUNNERS
MANAGER COMMITS FUTURE TO CLUB UNTIL 2027
Opportunity knocks for Spurs amid rivals' crisis
Injury-hit Gunners facing a tough test as Postecoglou aims to reverse recent trend
Pressure is on misfiring Muniz and Antonio to spark campaigns into life
WHEN Andreas Pereira and Willian presented Rodrigo Muniz with the Premier League player of the month award for March, the striker’s tears of joy spoke of his own surprise at how drastically his fortunes had changed.
Madueke's England challenge boosts the Blues
CHELSEA’S Cobham training ground may be the most densely-populated patch of land across the entire home counties, but head down there this week and it ought not to take much to pick out Noni Madueke.
John Lewis cuts first-half losses after turnaround
THE boss of John Lewis today said he was confident of “positive” Christmas trading and “significantly higher profits” for the year as Britain’s leading partnership recovers from the worst crisis in its history.
Fever-Tree falls foul of the bad weather
FEVER-TREE seemed to be running out of fizz today as poor weather and a “subdued” consumer backdrop hit sales.
Why won't anybody take my novel of unrelenting male misery? I blame men
WHY don’t men read? Oh, I know dear male Standard readers do, those urbane, literary, poised and secretly perverted doyens of good taste. But those other men, they are not reading fiction.
The NHS needs more than long-term reform
THE NHS has become such a bleak topic of discussion in recent years that it is almost impossible to imagine it being fixed. Lord Darzi’s report paints a picture of an organisation grappling with several crises: in primary care, hospitals and the treatment of longterm illness. Its findings make for grim reading.
Ultrasound gives sickle cell teen new freedom
A TEENAGER with sickle cell disease has had her life transformed thanks to a pioneering ultrasound procedure performed by London doctors.
'Now let's get justice for the subpostmasters'
Mr Bates star Toby Jones makes a plea as he collects his gong at I'V awards
