Scottish Power has become the third big energy supplier to raise its prices, blaming higher wholesale energy costs and government policy. The 5.5 per cent increase of its standard variable tariff, which will take effect from the start of June, will affect one third of households supplied by Scottish Power or 960,000 homes who pay by monthly direct debit. They will see their annual dual fuel bills – for electricity and gas – rise by £63 to £1,211.
FT 20th April 2018 read more »
BBC 20th April 2018 read more »
Times 21st April 2018 read more »
This briefing covers the cost, background for, conclusions of, and comment on, Dieter Helm’s review for the Government on the ‘Cost of Energy’. In August 2017, the Department for Business, Energy and Industrial Strategy launched an independent review into the cost of energy, led by Professor Dieter Helm, an economist specialising in energy based at the University of Oxford.1 The review was published in October 2017. In November 2017, the Government disclosed the cost of Dieter Helm’s review. Professor Dieter Helm was paid £500 per day, for 30 days work. Members of the advisory panel were not paid. The Department also reimbursed the travel costs of the reviewer and advisory panel members, which amounted to £410.
House of Commons Library 20th April 2018 read more »