Which? and a coalition of consumer groups and energy firms are urging Ofgem to ensure loyal customers are able to access the same energy deals as new customers. The Ban on Aquisition only Tariffs (BAT) was introduced by Ofgem in April 2022. It has played a vital role in delivering fairer outcomes for customers by ensuring loyal customers are able to get the best deals. It also ensures that millions of customers in debt, who may not be able to switch to a new firm for months or even years, are able to access a better deal with their current supplier. Removing the (BAT), as proposed from this October, risks exacerbating the loyalty penalty and unsustainable business practices. #ConsumerRights With Citizens Advice, End Fuel Poverty Coalition, Fair By Design, E.ON Octopus Energy, Rebel Energy UK and So Energy
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Glad to see that the industry is taking a stance on one aspect of Customer fairness. Will you all back scrapping of the Daily standing charge for a 15%* charge based on usage? This will be much fairer for every customer as it stops penalising the low use/low affordability customers and encourages the heavy users to look at ways of reducing consumption! *this based on average standing charge yearly cost over past 3 years
Which? and a coalition of consumer groups and energy firms are urging Ofgem to ensure loyal customers are able to access the same energy deals as new customers. The Ban on Aquisition only Tariffs (BAT) was introduced by Ofgem in April 2022. It has played a vital role in delivering fairer outcomes for customers by ensuring loyal customers are able to get the best deals. It also ensures that millions of customers in debt, who may not be able to switch to a new firm for months or even years, are able to access a better deal with their current supplier. Removing the (BAT), as proposed from this October, risks exacerbating the loyalty penalty and unsustainable business practices. #ConsumerRights With Citizens Advice, End Fuel Poverty Coalition, Fair By Design, E.ON Octopus Energy, Rebel Energy UK and So Energy
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Oil Refineries: Driving Economic Progress & Innovation 🌍 Oil refineries stand as critical infrastructures, converting crude oil into petroleum products essential for transportation, heating, and manufacturing. Through advanced distillation techniques, they produce gasoline, diesel fuel, and a mass of products vital to global industries. Their role? Integral to economic growth, innovation, and sustaining modern lifestyles. Let's explore their profound impact on the global economy and future developments. #OilRefineries #EconomicSignificance #EnergyForLife #Petrovit
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"Implementing a quarterly review of local fuel prices, instead of once a month, could enhance stability and predictability for both consumers and businesses" Sbonelo Mbatha, the Director and co-founder of PetroCONNECT, said in an IOL interview. Read more on quarterly review of petrol prices here: https://lnkd.in/diCBm6Pz #PetroCONNECT #PoweringtheEnergyIndustry #IOL #FuelPrices #NewsArticle
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ICYMI: The first shipments of Senegalese crude #oil from the Sangomar project are on their way to refineries in the Netherlands and Germany, marking a new era for the Senegalese economy. L’article First barrels of Senegalese oil on their way to Europe est apparu en premier sur energynews.
First barrels of Senegalese oil on their way to Europe
https://energynews.pro/en/
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The end of an era: Grangemouth oil refinery to shut down by 2025 I was shocked to hear the news that Grangemouth oil refinery, Scotland’s only oil refinery and one of the UK’s six major refineries, might cease operations as soon as 2025. This is a huge blow to the Scottish economy, the UK’s energy security, and the livelihoods of more than 500 workers and their families. Grangemouth has been facing significant challenges due to global market pressures, aging equipment, and frequent accidents. Petroineos, the joint venture that owns the refinery, plans to transform it into a fuels import terminal, which would result in the loss of at least 400 jobs. The company also said it would explore low-carbon options such as biofuels, but the details are unclear. This decision raises many questions about the future of the UK’s refining industry, which has been struggling to compete with cheaper and more efficient refineries abroad. It also exposes the UK to more dependence on fuel imports and more vulnerability to price fluctuations and supply disruptions. Moreover, it poses a challenge for the workers who may not find suitable alternatives in the green transition. I hope that Petroineos, the UK and Scottish governments, and the trade unions will work together to find the best possible outcome for the workers and the communities affected by this closure. What are your thoughts on this news? How do you think it will impact the UK’s energy sector and the Scottish economy? Share your opinions in the comments below.
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This is another example of how blending the right amount of passion with a deep understanding of the local, regional and international media landscape can help our clients’ narratives go viral. Pitching stories mindfully and fiercefully has never failed us. #mediarelations #mediatraining #oman #ksa #uae #globalimpact Kenshō Mindful Communications
PR & Communications Strategist | Crisis Communications | Public Affairs | Media Consultant | Moderator
We spoke to John Benny at the National News about OQ8's $9bn Refinery, with CEO David Bird. Great feature and insights on the industry. Kenshō Mindful Communications https://lnkd.in/dGw9_-vQ
Oman’s $9bn refinery could benefit as Red Sea disruption affects global competition | The National
thenationalnews.com
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In today's article of FUELSNews, Cassia Paz covers recent oil market movements, Middle Eastern geopolitical events, and other factors influencing the changes within the market. Read the full article here: https://ow.ly/6WxI50RyBiL #FUELSNews #oilprices #marketupdates #OPEC #MiddleEast #oil #crude #WTI #fuel
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Analista de Mercado en Ofecomes Rabat, perteneciente a la red exterior de la Secretaría de Estado de Comercio de España.
#Nigerians remember the promises made last year when fuel subsidy was hastily removed and the economy was thrown into a tail-spin from which it has not recovered. #NNPCL promised to get the refineries pumping fuel by December 2023 and #Dangote Refinery would start by March 2024. None of those promises has been redeemed till today. As late as june 2024, #Dangote fuel was again supposed to start flowing by july 2024. #Nigeria’s #obsolete museum pieces, misnamed #refineries, are now expected to be fully operational by December 2024. The goal posts keep receding each time the GMD-#NNPCL opens his mouth without the decency of any apologies to the stakeholders he had misled each and every time. This is not the time to explain why #Nigeria cannot be a net exporter of petroleum products. We wait until December to address that.
Dangote Refinery, victim of Nigerian factor
vanguardngr.com
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In today's article of FUELSNews, Cassia Paz covers recent oil market movements, Middle Eastern geopolitical events, and other factors influencing the changes within the market. Read the full article here: https://ow.ly/6WxI50RyBiL #FUELSNews #oilprices #marketupdates #OPEC #MiddleEast #oil #crude #WTI #fuel
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The first shipments of Senegalese crude #oil from the Sangomar project are on their way to refineries in the Netherlands and Germany, marking a new era for the Senegalese economy. L’article First barrels of Senegalese oil on their way to Europe est apparu en premier sur energynews.
First barrels of Senegalese oil on their way to Europe
https://energynews.pro/en/
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Director/Data Scientist @ FEA
3moGreat stuff Simon Francis!