Consumers 'missing cheapest deals'

Updated
File photo dated 22/10/13 of an Ofgem sign as the regulator has called on energy suppliers to return money to former customers after finding that the companies hold more than ?400 million in credit from closed accounts. PRESS ASSOCIATION Photo. Issue date: Friday February 28, 2014. The regulator found large companies hold at least ?202 million from around 3.5 million former domestic customers and ?204 million from 300,000 business accounts, saying it

%VIRTUAL-SkimlinksPromo%Just a third of consumers are able to choose the cheapest energy deal despite the introduction of simplified tariffs, according to a watchdog.

Which? said Ofgem's new rules for standardised tariffs were "a step in the right direction" but found that two-thirds of consumers still failed to identify the cheapest deal.

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