Tag Archives: energy costs

The True Cost of Energy: why Ed Davey must act

A poll out yesterday showed that action to address high energy bills is now the top priority for voters, so Energy and Climate Change Secretary Ed Davey has a political interest in new research on the True Cost of Energy published by IPPR. The report argues that competition in the energy market is not working and that some consumers are paying higher prices as a result.

IPPR has analysed how much it costs energy companies to supply electricity and gas to UK consumers, finding strong evidence that competition in the market is not in good health.

The UK energy market …

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Nick Clegg: “Many will save £100 a year thanks to energy deal”

Liberal Democrat leader and Deputy Prime Minister Nick Clegg has just been on BBC Breakfast talking about the deal that the Government has reached with energy companies which will save many households £100 a year on their bills. Under the plan, consumers would be written to annually and told if a different tariff would save them money.

Nick explained that seven out of ten households were paying too much because they were on the wrong tariff and this idea would save them money. He acknowledged that this alone would not solve all the problems in the energy market but he said …

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