There has been extensive coverage in the media of Ogem's proposals. An article on the BBC website discusses criticism that the proposals don't go far enough. See http://www.bbc.co.uk/news/business-36961798Changes to the Confidence Code
We have also published today a separate consultation on changes to the Confidence Code governing accredited price comparison websites. The CMA proposes removing the requirement for the ‘whole of market’ comparison of tariffs by accredited price comparison websites. Given the complexity of the remedy and its wider implications for the operation of the Confidence Code, our view is that we should not move straight to consulting on full removal of the whole of market requirement at this stage.
We are proposing an intermediate step as this will allow us to realise significant consumer benefits as quickly as possible, whilst considering the mitigation of the risks and uncertainties involved in full implementation of the remedy. We propose to remove some of the changes we made to strengthen the whole of market requirement in the 2015 Code Review and make consequential changes to ensure consistency with the overall CMA package of remedies.
The changes proposed would allow price comparison sites increased flexibility on how they display tariffs. This would give them an increased incentive to innovate and potentially work with suppliers on a wide choice of good value tariffs and exclusive deals for consumers. Under the Confidence Code, accredited websites would still be required to remain independent of suppliers and to display tariffs to consumers accurately and transparently, including the market coverage provided.
Statistics:Posted by ALEO Admin — Wed Aug 03, 2016 10:47 am