New figures uncovered by Caroline Flint MP, Labour’s Shadow Energy and Climate Change Secretary, have revealed that three in four households are paying up to £250 a year more than their supplier’s cheapest tariff would cost them. The figures come more than two years since David Cameron promised to legislate to force all suppliers to put all customers on the lowest tariff. The analysis reveals:

•         75 per cent of households are on their supplier’s standard variable tariff.
•         On average the standard variable tariff is over £180 a year more expensive than the cheapest tariff, with some customers paying nearly £250 a year more.
•         David Cameron has promised 17 times in the House of Commons to make energy suppliers automatically put all customers on their supplier’s lowest tariff.

Labour has reiterated its call for the regulator to be given the power to force energy suppliers to cut bills, and to freeze prices so that bills cannot rise until 2017.

Caroline Flint MP, Labour’s Shadow Energy and Climate Change Secretary, said:

“More than two years after David Cameron promised to make energy companies put all customers on the lowest tariff, millions of households are still being routinely overcharged by hundreds of pounds every single year.

“That’s why the next Labour Government will freeze energy prices until 2017, so that bills can fall but not rise, give the regulator the power to force energy suppliers to cut their prices and end overcharging once and for all.”