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Spending plan to hit energy bills | Spending plan to hit energy bills |
(10 minutes later) | |
UK energy consumers are facing higher gas and electricity bills after industry regulator Ofgem approved plans for higher spending on infrastructure. | UK energy consumers are facing higher gas and electricity bills after industry regulator Ofgem approved plans for higher spending on infrastructure. |
Ofgem said the firms behind UK gas and electricity distribution can spend £5bn more upgrading their infrastructure. | Ofgem said the firms behind UK gas and electricity distribution can spend £5bn more upgrading their infrastructure. |
These added costs will be passed on to consumers next year in the form of a £10 rise in the typical gas bill and a £2-£3 increase in electricity bills. | |
Consumers have been hit by energy price increases throughout the year. | Consumers have been hit by energy price increases throughout the year. |
Consumer groups have complained that the price increases are unjustified and are threatening to plunge vulnerable people into fuel poverty. | Consumer groups have complained that the price increases are unjustified and are threatening to plunge vulnerable people into fuel poverty. |
Companies have countered that they have little choice but to pass on record commodity prices to consumers. | Companies have countered that they have little choice but to pass on record commodity prices to consumers. |
Energy transmission costs will have to rise by an initial 8% next year to fund the additional spending on distribution, triggering the rise in household bills. | |
However, the regulator said the effect on consumers would be "relatively small" as transmission costs account for just 3% of total household bills. |
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