Age UK energy deals with E.On to be examined by Ofgem
4 February 2016
From the section Business
Energy industry regulator Ofgem is to examine a claim that charity Age UK has been promoting unfavourable gas and electricity deals in return for cash.
The Sun newspaper claims energy deals offered by Age UK with supplier E.On may have been much more expensive than the cheapest offers from the firm.
In return, the Sun alleged, the charity had received about £6m from E.On.
Age UK has rejected the allegations, while E.On said its tariffs were competitively priced.
The Sun claimed that Age UK recommended a special rate from E.On which would typically cost pensioners £1,049 for the year – £245 more than its cheapest rate in 2015.
It also alleged Age UK received about £41 from energy supplier E.On for every person signed-up, amounting to £6m a year.
BBC personal finance correspondent Simon Gompertz said it was standard practice for price …read more
Source:: BBC UK