Wednesday, 22 February 2012

Energy Supplier #SSE cuts number of tariffs from 68 to four

Scottish and Southern Energy is simplifying tariffs ahead of Ofgem market reform proposal.

Scottish and Southern Energy (SSE (Frankfurt: A0RFBG - news) ) has announced plans to cut the number of tariffs it provides from 68 to only four. In an attempt to simplify bills for their customers, the energy provider will be offering just two variable and two fixed rate deals.

The changes will take effect immediately for new customers, though customers on old tariffs will be allowed to remain on them until they have run their course. Existing customers can choose to switch onto the new tariffs if they wish to.

Although there will only be four standard tariffs, SSE did say that customers would be given the option of personalising the tariffs by acquiring Argos loyalty points or making charity donations to the likes of the British Heart Foundation.

The simplification process is the latest step in SSE's 'Building Trust' agenda which they launched in October. I n December the company pledged to put aside £5m for the purpose of compensating customers who may have been the victim of mis-selling.

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