Ofgem considers extending ban on acquisition-only tariffs

Ofgem is considering extending the ban on acquisition-only tariffs beyond March 2024. The ban was introduced alongside the Market Stabilisation Charge (MSC) as a temporary measure to ensure fair competition in 2022 as wholesale energy prices began to soar. Earlier this month, the regulator confirmed that the MSC will finally come to an end in March next year. However, Ofgem has now revealed that it is open to extending the ban on acquisition-only tariffs as a “standalone measure".

This content is for members only. Please click here to view the full article.