Friday, 27 October 2017

UK CONSUMERS ARE PAYING TOO MUCH FOR ELECTRICITY SAYS REVIEW

This report explains how our electricity bill should be changed to try and reverse the escalating costs that consumers are faced with.
Professor Helm, who carried out the review, believes the legacy costs from the Renewables Obligation Certificates (ROCs), Feed-in Tariffs (FiTs) and Contracts for Difference (CfDs) are a “major contributor” to rising prices and suggests ring-fencing and placing them in a “legacy bank”.
He says they should be charged “separately and explicitly” on customer bills and industrial customers should be exempt.

UPDATE
More on this here.


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