Ofgem proposes end of the ban on acquisition-only tariffs
May 14, 2024
LONDON: Energy regulator Ofgem has today (Tuesday 14 May, 2024) published a statutory consultation proposing the removal of the ban on acquisition-only tariffs (BAT) on 1 October, 2024.
The BAT was introduced in April 2022 to protect consumers during the energy crisis, and was always designed to be a time-limited measure. As the market continues to stabilise, Ofgem believes that now is the right time to consider removing it.
Other measures introduced to make the market more resilient – in addition to the role the price cap plays to protect loyal customers from being exploited – lessens the need for a ban on targeted introductory tariffs.
https://www.ofgem.gov.uk/publications/statutory-consultation-removing-ban-acquisition-only-tariffs
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