This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/go/rss/int/news/-/news/business-15865766

The article has changed 8 times. There is an RSS feed of changes available.

Version 2 Version 3
British Gas to make changes after 'loss of trust' British Gas to make changes after 'loss of trust'
(40 minutes later)
British Gas has said it is simplifying its tariffs after acknowledging a lack of public trust in the energy industry.British Gas has said it is simplifying its tariffs after acknowledging a lack of public trust in the energy industry.
Managing director Phil Bentley told the BBC his company "had not made it easy for customers".Managing director Phil Bentley told the BBC his company "had not made it easy for customers".
As a result, he said all customers will be able to choose between two tariffs - variable and fixed - and benefit from more transparent bills.As a result, he said all customers will be able to choose between two tariffs - variable and fixed - and benefit from more transparent bills.
Earlier this year, the regulator Ofgem told energy companies they must offer simpler tariffs.Earlier this year, the regulator Ofgem told energy companies they must offer simpler tariffs.
'Honest'
Following a comprehensive review of the UK energy market sparked by claims that energy companies were making excessive profits, Ofgem said suppliers needed to change the way they operated by next year.Following a comprehensive review of the UK energy market sparked by claims that energy companies were making excessive profits, Ofgem said suppliers needed to change the way they operated by next year.
Ofgem welcomed British Gas's "recognition that suppliers need an open and honest dialogue with their customers". Ofgem welcomed the move, saying that British Gas had recognised that suppliers need an "open and honest dialogue" with their customers.
It said it would examine the company's proposals "in detail" to see how far they met its own objectives to simplify tariffs. It said it would examine the company's proposals in detail to see how far they met its own objectives to simplify tariffs.
Earlier this week, E.On announced it had "pressed the reset button" on its relationship with customers, while other major energy suppliers have said they are working towards simplifying their tariffs.Earlier this week, E.On announced it had "pressed the reset button" on its relationship with customers, while other major energy suppliers have said they are working towards simplifying their tariffs.
"As part of urgently restoring confidence we are calling on all suppliers to get behind Ofgem's reforms to deliver what consumers tell us they want - a simpler, more competitive energy market," said Ian Marlee, of Ofgem.
"Without the decisive break with the past that Ofgem's reforms offer consumers will continue to mistrust energy suppliers."
'Complete breakdown''Complete breakdown'
Mr Bentley told the BBC that British Gas was making the changes because its customers had said they did not like the current pricing structures.Mr Bentley told the BBC that British Gas was making the changes because its customers had said they did not like the current pricing structures.
"We are very conscious of our social responsibility," he said."We are very conscious of our social responsibility," he said.
He said bills were going up in part due to increasing transport costs and green levies.He said bills were going up in part due to increasing transport costs and green levies.
He also admitted that British Gas had offered cheap deals as loss leaders in order to attract customers. The company would no longer be doing this, he said. He also admitted that British Gas had offered cheap deals at a loss to the company in order to attract customers because they would be at the top of price comparison tables. The company would no longer be doing this, he said.
"It is not right if we are charging honest customers more [to fund these deals]," he said."It is not right if we are charging honest customers more [to fund these deals]," he said.
The supplier is sending a letter to all its customers explaining its new policy, in which Mr Bentley says: "It is clear that we need to make things better for our customers. To make sure we do that, I am committed to having an honest conversation with [them]."The supplier is sending a letter to all its customers explaining its new policy, in which Mr Bentley says: "It is clear that we need to make things better for our customers. To make sure we do that, I am committed to having an honest conversation with [them]."
As well as offering just two tariffs, the supplier said that, from this month, it will include a "complete breakdown" of all the costs that make up its customers' bills.As well as offering just two tariffs, the supplier said that, from this month, it will include a "complete breakdown" of all the costs that make up its customers' bills.
Earlier this week, British Gas announced it had secured a £13bn gas supply contract with Norway's Statoil designed to help insulate customers from volatility in global gas prices.Earlier this week, British Gas announced it had secured a £13bn gas supply contract with Norway's Statoil designed to help insulate customers from volatility in global gas prices.
E.On said its own review would take six months to complete, and would look at tariffs, bills, customer support and how it sells its products.E.On said its own review would take six months to complete, and would look at tariffs, bills, customer support and how it sells its products.
As well as calling for simpler tariffs following its review, Ofgem said it had found evidence the so-called big six energy firms had increased their prices in response to rising costs more quickly than they had lowered them in response to costs falling.As well as calling for simpler tariffs following its review, Ofgem said it had found evidence the so-called big six energy firms had increased their prices in response to rising costs more quickly than they had lowered them in response to costs falling.
The suppliers, it said, should face more competition.The suppliers, it said, should face more competition.
Are you a British Gas customer? What do you think of the move made by the company? Send us your comments using the form below.Are you a British Gas customer? What do you think of the move made by the company? Send us your comments using the form below.