23 Apr '12, 12am

New report shows #BigSix utilities not investing your money in bringing #EnergyBills under control

New report shows #BigSix utilities not investing your money in bringing #EnergyBills under control

Across the UK millions of families and businesses are feeling the economic squeeze. As anybody who has recently received their bill for last winter will be painfully aware, soaring costs of energy are a huge reason for this. Shocking new analysis by Bloomberg New Energy Finance for Greenpeace , shows that most of the Big Six energy utilities haven’t been investing money from customer bills in a way that brings energy prices under control and secures a clean energy supply for the UK. The government’s independent advisors, the Committee on Climate Change, and the energy regulator Ofgem have both pointed the finger squarely at the rising cost of gas as being by far the biggest contributor to increased bills over the last eight years. Ofgem found that of the £150 increase in the average dual fuel bill between March 2011 and March 2012 , £100 was due to the rising wholesale cos...

Full article: http://www.greenpeace.org.uk/blog/climate/new-report-show...

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