EU parliament seeking consumer supplier shifts within 24 hours

European Parliament plans to propose an EU electricity market revision that would enable consumers to switch suppliers within 24 hours by early 2022.

The house’s energy committee voted in favor of the measure yesterday, ahead of three-way negotiations with the European Commission and EU member states.

The committee also favors consumer withdawals from supply contracts without any resulting additional charges. It will also propose the adoption of an independent price comparison tool comparing supplier offers, including tariffs and surcharges, by all member states.