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30/07/2014
Ofgem Reveals Electricity Providers Price Control Measures
New proposals from energy regulator Ofgem could see millions of electricity customers having their bills cut by £12 a year.
In a statement released today on their website, the regulator has set out proposed price control measures for five of the UK so-called big six energy suppliers.
Ofgem said: "Our proposals would see the network companies spend £17 billion to upgrade and maintain Britain’s local electricity network. At the same time, this part of the energy bill – which accounts for 8% of an annual dual fuel bill – will be on average £12 a year lower than it is today for the eight-year period of the control. These proposals are planned to come into effect in April 2015 and run until 2023."
The full statement and details of the proposal can be found on the Ofgem website.
(MH/CD)
In a statement released today on their website, the regulator has set out proposed price control measures for five of the UK so-called big six energy suppliers.
Ofgem said: "Our proposals would see the network companies spend £17 billion to upgrade and maintain Britain’s local electricity network. At the same time, this part of the energy bill – which accounts for 8% of an annual dual fuel bill – will be on average £12 a year lower than it is today for the eight-year period of the control. These proposals are planned to come into effect in April 2015 and run until 2023."
The full statement and details of the proposal can be found on the Ofgem website.
(MH/CD)
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Northern Ireland WeatherToday:A dry day with long spells of sunshine for most, however eastern coasts will see rather more in the way of cloud at times, with just the risk of an odd light morning shower. Mainly light northerly winds. Maximum temperature 13 °C.Tonight:A fine end to the day with some evening sunshine. It remains dry overnight with a touch of frost possible in places, although cloud is expected to increase towards dawn. Minimum temperature 0 °C.
