Ofgem proposes reducing £5bn from household energy bills

Ofgem proposes reducing £5bn from household energy bills
 

Ofgem has proposed new rules that it says would lead to UK consumers saving £5bn on energy bills over five years.
The regulator wants to cut how much consumers contribute towards energy network investment via their bills.
Ofgem says the the proposals will lead to £15-£25 in savings per year for household consumer.
The price controls will come into force in 2021 and significantly reduce the profits energy network companies receive.
Energy giant National Grid said it would continue to work with Ofgem "to achieve the best outcomes for all stakeholders".
"We note the wide range... read more

 
7 March 2018 in Business, Views: 46
Source: BBC
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