After Nick Butler’s post on David Cameron’s energy policy John Kay writes about the complexity of retail energy tariffs and how the simplification of these will not be easy.
Last week, David Cameron told the House of Commons that UK energy suppliers will be required to ensure that all their customers benefit from the lowest tariff. Coincidentally, Britain’s energy regulator Ofgem published a document proposing simplification of retail energy tariffs. The document demonstrated that simplification will be complicated. Certainly more complicated than the prime minister’s statement implied. Read more