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Millions of households are set to lose discounts worth up to £130 on their energy bills as David Cameron's calls for simpler gas and electricity deals threatens to backfire.

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Some gas and electricity customers are paying 40% more than a year ago after energy companies pulled their cheapest online-only deals.

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Drivers under the age of 25 trade privacy for thousands of pounds of savings with a car insurance scheme that takes advantage of 'black box' technology. Kirsty Basset reports.

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Energy UK encourages consumers to check they are on the right tariff

In response to the Deputy Prime Minister's speech, Christine McGourty, Director of Communications at Energy UK, said:

"Energy companies have been working closely with Government to help consumers understand how they can find the best deal to suit their circumstances. Today's initiative will encourage people to check they're on the right tariff and make sure they're aware of how they can manage their bills as effectively as possible.

 "Companies recognise that in tough economic times, consumers are concerned about household bills and have been contacting millions of customers in recent months to recommend they check they are on the right deal and to encourage them to take up offers of free or discounted insulation, which can help keep bills down.   "This new, voluntary agreement will help more people take the right steps to understanding the options available, whether it's changing tariff, changing the way they pay for their energy, or switching supplier. There is plenty of choice available and we would encourage everyone to shop around to make sure they are on the best deal for them."

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Money worries and unfair membership contracts are contributing to the growth in no-contract, pay-as-you-work-out gyms, says Rachel Platt

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New Consumer Focus research shows that banks’ customer service advisers are unclear of the rules around Continuous Payment Authorities (CPA) and could be giving customers incorrect advice as a result.  

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Transport Secretary, Justine Greening, believes insurance costs increasingly bear ‘little relationship to the real world’

Suggests the technology could cut bills by up to 50 per cent

Could prove to insurers drivers safe behaviour and limited night-time driving

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The cost of water will have to rise in parts of the UK where it is most scarce, a Lords committee has said.

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Energy giants swipe £330 extra a year from loyal households to fund cheap deals for new customers

Five million families are being overcharged for gas and electricity by as much as £330 a year as the result of a stitch-up by energy firms.

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IPPR's Reg Platt calls for tougher regulations to improve competition in the energy sector (by ipprweb)

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"The IPPR report, The True Cost of Energy, shows that annual efficiency savings of 2.5% in the UK's energy market could deliver £1.9bn in savings for consumers in 2020. As well as easing the squeeze on living standards, this would more than offset the cost of green policies for affected consumers, it argues."

The Guardian

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Deputy PM Nick Clegg says "7 out of 10 of us are on a more expensive tariff that we need to be".

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Door-to-door and telephone salesmen from two energy companies have already been caught misleading customers over cheap deals. A further four firms are under investigation for exaggerating the benefits of switching to their tariffs.

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