HC 386 - Energy Network Costs: Transparent and Fair?

Released on by Great Britain. Parliament. House of Commons. Energy and Climate Change Committee
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  • HC 386 - Energy Network Costs: Transparent and Fair? Book Detail

  • Author : Great Britain. Parliament. House of Commons. Energy and Climate Change Committee
  • Release Date : 2015
  • Publisher : The Stationery Office
  • Genre : Electric utilities
  • Pages : 40
  • ISBN 13 : 0215081609
  • File Size : 54,54 MB
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HC 386 - Energy Network Costs: Transparent and Fair? by Great Britain. Parliament. House of Commons. Energy and Climate Change Committee PDF Summary

Book Description: Network costs (which cover the transmission and distribution of gas and electricity from power stations to households and industry) are a very significant component of household and industrial energy bills. Ofgem has created a new regulatory framework (RIIO) that was designed to ensure that costs were competitive and that profits weren't excessive, but there is clear evidence that network companies are making higher profits than expected. This suggests that the targets and incentives set by Ofgem are too low, barriers to market entry are high and that Ofgem needs to monitor RIIO more effectively and to equip RIIO with stronger, corrective measures. Ofgem has not yet created the conditions for the market to thrive and provide consumers with best value for money. In the short-term, market conditions can be improved if: (i) an interim independent audit of price controls is conducted; (ii) the 40-day notification period for price changes is increased to 15 months; and (iii) stronger, corrective measures are applied to companies that have received incentive payments for reducing leakages when such reductions have not taken place.

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HC 665 - Smart Meters: Progress or Delay?

HC 665 - Smart Meters: Progress or Delay?

File Size : 67,67 MB
Total View : 5665 Views
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Smart meters, which allow energy suppliers to get remote electricity and gas readings from households and businesses using mobile phone-type signals and wireles