Energy market updates, how switching works and Ofgem consultations coming

Hi everyone!

• Video: How to complete an energy switch in 3 minutes!
• USwitch: EDF tariff is £265 per year cheaper than the price cap for medium-usage homes
• Free Price Compare: E.ON Next tariff is £400 per year cheaper than the price cap for high-usage homes
• Ofgem Consultation: Energy code reform

I wanted to give you a few updates. 

1. The Ofgem price cap announcement is scheduled for 27 May, they usually do it before the weekend though so I'm anticipating that it'll be announced on Friday 23 May. It's predicted to go down, which is great news! I'll post an article and send an update as soon as the announcement is out.
2. Usually, with price cap announcements, Ofgem make a few other announcements that may upset people - they do this so the other announcements have less media attention, which is smart, so expect some news from me on what Ofgem are planning to do over the summer - these things are likely to impact our bills over the winter!
3. I've received a lot of questions about how switching tariff works and how much time it takes, any extra work you have to do etc. It literally takes 3 minutes to switch tariff, with no extra work, so the first link above is a video of me completing a switch and talking you through it, just to show the process and answer any questions you have. 
4. Finally, there are some really good energy deals on both Free Price Compare and Uswitch at the moment, I've included links above to both so you can have a look and run some comparison.s
5. I'm working on an Ofgem consultation on Energy Code Reform, due my 29 May, I'll send out a link to my explanation and response to this in the next week or so, keep an eye out for my emails.

That's all for today, have a great day everyone!

Thanks

Richard Winstone
The Regulator Guy.