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GB Energy Supply has slammed a recommendation from the Competition and Markets Authority (CMA) to remove the confidence code for price comparison websites, contained in its final report.
The report was published on Friday (24 June), following a two-year investigation into competition and engagement within the energy market. It included a recommendation to remove the confidence code for price comparison sites, allowing them to show only deals from suppliers that pay commission rather than a whole market view.
GB Energy Supply founder Luke Watson said: “The CMA’s decision to remove the whole-of-market requirement is completely illogical and totally at odds with government policy to promote competition and encourage switching.
“The CMA is essentially giving comparison sites carte blanche to seek out profits rather than the best energy deals for people.”
The independent supplier has partnered up with Co-operative Energy, Bulb, Go Effortless Energy, So Energy and Zog Energy to campaign against the remedy, and recently highlighted their concerns in a letter to energy secretary Amber Rudd.
The letter explained that the suppliers are “profoundly concerned” that the remedy will lead to higher bills “as the commission charged by comparison sites is transferred straight to people’s bills”.
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