Ofgem: Electricity bills to be cut by £12 a year

lstar337

From April 2015 it plans to limit the prices that can be charged by Britain's six distribution companies, which carry power to homes and businesses.

Five out of the six network companies - UK Power Networks, Northern Power Grid, SP Energy Networks, SSE Power Distribution and Electricity North West - were ordered to cut their prices.

Only one, Western Power Distribution, had its pricing and investment plans approved by Ofgem.

http://www.bbc.co.uk/news/business-28559772

Bark01

Nothings actually been confirmed:

'Ofgem will announce a final decision on the proposals in November after carrying out a consultation'

Andy_WSM

lstar337 wrote: »

Ofgem: Electricity bills to be cut by £12 a year

I don't know what I will do with all this money. I mean, what a windfall, a £1 a month! 23p per week. Wow!

It's pathetic really isn't it?

I do wonder how much it's cost Ofgem (or us, via our bills) to come up with this life changing amount of cash for each of us.