Martin Lewis' website has shared an important update with regards to the energy market, and it might well be good news for gas and electricity customers hoping to make savings in the near future. The official MoneySavingExpert site today published an article which detailed Ofgem's request that energy suppliers publish details about their existing tariffs.
The move, which Martin has been campaigning for, hopes to make it easier for customers to compare fixed-rate deals and understand whether it's worth making the switch. Previously, energy suppliers didn't need to share tariffs offered to existing customers, meaning that punters couldn't fully predict whether it was cheaper to move elsewhere.
Financial buff Martin initially raised the issue with the energy regulator several months back, following it up with a formal written letter last month. The MSE man said that under current rules, it is 'near-impossible' for consumer advice organisations to provide guidance on 'opaque' deals which are being offered to customers.
