Britons could see a 6 billion pound cut in energy bills over five years from 2021, saving the average household 40 pounds per year, under plans to curb what gas and electricity network firms can pay shareholders.
Energy firms are under intense scrutiny, with Britain’s opposition Labour party last week announcing a plan to nationalize the sector if it comes into power.Ofgem said it plans to cut the amount network firms pay their shareholders, known as the “cost of equity range” by almost 50 per cent for the next regulatory period starting in 2021.
“Our proposals are on track to deliver a tough, fair settlement that strikes a better deal for consumers,” Ofgem executive director for systems and networks Jonathan Brearley said as the regulator announced its plan on Friday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Monster Energy NASCAR Cup: All-Star raceKyle Larson led the final 13 laps of the All-Star Race on Saturday to collect his first career victory in the annual event and the $1 million prize at Charlotte Motor Speedway in a race that saw some violent fireworks between two drivers.
Source: TSN_Sports - 🏆 80. / 51 Read more »
Saudi energy minister recommends 'gently’ driving down oil inventories, says supply plentifulSaudi energy minister recommends 'gently’ driving down oil inventories, says supply plentiful GlobeBusiness globebusiness So that’s means setting the price back to 65 cents a litre?
Source: globeandmail - 🏆 5. / 92 Read more »
Canada's Clean Energy Sector Is Among Its Fastest Growing: ReportThe industry eclipses mining and oil-and-gas extraction in terms of jobs, a new study suggests. Do better Canada we can do more and keep in mind that Canada has the dirtiest oil in the world - so no one is in a hurry to get that going any time soon Nice. Let's keep those numbers gping up!
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Clean energy one of Canada’s fastest-growing industries: reportClean energy includes everything from the production and transmission of renewable electricity to transit workers and construction workers making buildings more energy-efficient globebusiness BlueSkyCBC PremierScottMoe ! globebusiness cost to much doesn't make any money junk globebusiness Even if true, it still is unreliable and makes up 10% of the grid at best, so logic dictates use CLEANER NATURAL GAS as the G 20 recommended as a TRANSITION FUEL while we work on reliable, plentiful clean energy...but that’s not a tax (carbon tax) it’s just common sense.
Source: globeandmail - 🏆 5. / 92 Read more »
Clean energy one of Canada's fastest-growing industriesCanada's clean-energy sector is growing faster than the economy as a whole and is rivalling some of the more well known industries for jobs, a new report shows. It has been for a couple of decades now People may disagree on the politics and the details but that doesn't mean they don't care about the environment Not in Ontario! Doug Fraud is chasing high tech away and I don’t blame them for going! Not according to stats Canada. Who is lying here?
Source: CTVNews - 🏆 1. / 99 Read more »