Car insurance model will not help energy market, says charity HomeNewsTop StoriesCar insurance model will not help energy market, says charity

Citizens Advice criticises Scottish Power proposal to scrap standard variable tariffs for product customers renew each year

An energy company’s proposal to scrap default electricity and gas deals in favour of car insurance-style annual renewals could amount to a rebranding exercise and not help billpayers, a consumer group has said.

Scottish Power, one of the big six energy suppliers, said the Conservative election pledge to cap standard variable tariffs may harm competition. Its chief corporate officer, Keith Anderson, instead urged the government to take the “bold move” of abolishing the deals in favour of a product that needs renewing each year.

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