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retrotecchie
It would be nice and there are sign that can happen. 3% off via the secure tariff for example. But the suppliers claim they’re barely making much profit (opinions will differ on that one) and bad debts are increasing.
if customers could be assured that prepayment will remain a cheaper way to pay (smart prepayment via bank accounts) then some would take it up voluntarily.
there are few incentives currently for suppliers to offer attractive switching tariffs and thus competition is virtually non existent.
in a perverse way a high price cap does open the door to more intense undercutting. The price cap, and variable prices, used to be rates that were actively avoided when competition was in full swing, I hadn’t been on variable pricing for at least 10 years prior to the energy crisis when the smaller suppliers went belly up. Stability in the market has been restored now and baby steps are being taken to improve competition. We need though the market in electricity generation and pricing to be reformed too as there are complexities there that don’t exist in gas, and don’t facilitate customer benefits.
I can only list the maximum prices (and there are a huge number of those) it’s up to suppliers to under cut them and publish their new rates quickly- will they?