Blow to Standard Variable Tariffs

E.ON is dealing a blow to the much-criticised Standard Variable Tariff for gas and electricity customers, the one which tends to be much more expensive than other options - yet customers are automatically put on it after their cheaper deals expire.

It'll offer a fixed rate deal which turns into another fixed rate deal at the end of its term - for people who allow smart meters to be installed. So what matters is where they set the price.

Here's the release.