Exact(12)
Standard variable tariff prices consistently fluctuate, making it harder for suppliers to budget".
Robert Lawrence, an economist at Harvard, proposes a variable tariff on imported oil to achieve the same effect and also to stimulate the development of domestic energy sources.
The table will compare the average energy bill paid by a household on a standard variable tariff from the larger energy companies with deals from the 10 cheapest suppliers.
She added the CMA said that the big six had been making more than £1bn a year by overcharging 70% of customers who are on the standard variable tariff.
Kemp said the UK's regulatory situation was particularly unfriendly to the technology as it does not include a variable tariff that favours those that can shift their electricity demand to off-peak times.
Claire Osborne, energy expert at uSwitch, said: "It's disappointing to see EDF already committing to price rises in March that will make them the most expensive variable tariff of the big six.
Similar(48)
It said it would write to those on standard variable tariffs and provide details of its best deals.
The energy regulator said last month that 66% of all households remained on expensive standard variable tariffs.
Customers on standard variable tariffs were also more likely to be disabled, a single parent and struggling financially.
Lawrence Slade, chief executive of Energy UK said: "Standard variable tariffs are just that, the standard price a company is offering energy to customers.
The energy secretary, Greg Clark, said the table would show consumers where they could save money and would increase transparency for the "millions" of Britons who were overpaying for their gas and electricity by remaining on the expensive standard variable tariffs.
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