Some of Britain’s biggest energy companies are expected to appeal to the competition watchdog this week to allow them to charge customers more for gas and electricity. Network owners including National Grid, SSE and ScottishPower have a deadline of Wednesday by which to appeal to the Competition and Markets Authority against plans to curb the returns they make at consumers’ expense. Analysts said that they expected some if not all the companies to appeal and industry sources told The Times that such a move was likely. Energy network companies’ spending on Britain’s gas pipes and electricity wires is funded through levies on energy bills that are regulated by Ofgem in multiyear “price control” settlements. They add about £250 to a typical annual household bill. The regulator proposed in July to halve the returns that energy transmission network operators could make from this year and to disallow billions of pounds of proposed investments. The companies fought back, with National Grid claiming that the plans would leave Britain at risk of blackouts.
Times 1st March 2021 read more »