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Energy watchdog Ofgem chief warns of bill rises
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Energy watchdog Ofgem chief warns of bill rises
Consumers are being warned they face higher energy bills as the UK becomes more reliant on energy imports. In a speech, Ofgem chief executive Alistair Buchanan will say that falls in Britain's power production capacity are likely to lead to more energy imports and customers paying more. The energy watchdog predicts power station closures could mean a 10% fall in capacity by April alone. Mr Buchanan has said the UK needs more gas supplies to fill the shortfall. His warning comes as older power stations close and renewable energy remains in its infancy.....Read more hereTags: None
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Ofgem's reforms will make energy suppliers:
Ofgem chief executive Alistair Buchanan described the reforms as "the most radical shake-up of the energy bill market since competition began". If the energy companies do not co-operate with Ofgem's proposals the government says it will force them to using the new legislation.........Read more here