British Gas-owner Centrica has laid out policies it thinks the UK Government and Ofgem should adopt to reform Great Britain’s energy market.

The big six energy company said it would also take action itself, including ending its standard variable tariff (SVT).

Iain Conn, Group Chief Executive at Centrica, said: “We have long advocated that the end of the SVT is the best way to encourage customers to shop around for the best energy deal.

“But we also need a fairer way to pay for the changing energy system by removing Government policy costs from energy bills.

Smart meter roll out

Lord Deben, Chairman of the Committee on Climate Change, questioned Centrica’s claim that £200 could be cut from fuel bills by removing government policy costs, suggesting the figure should be £108.

Centrica also called for changes to the smart meter roll-out, which it said was costing the company £300 million a year or £40 per customer.

It called for ministers to review the 2020 deadline and to be more flexible about the technologies being rolled out.

> See Centrica's statement

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