Aug/090
Consumers Foot the Bill for Electricty Network Upgrade
UK Consumers have suffered a lot over recent years with huge price hikes to the cost of all types of energy - including electricity and now ofgem regulators of energy suppliers have announced that electricity bill are on the increase again. It is reported that bills will increase by an average of 5% over the next 6 years to raise the £6.5 billion required to drastically improve the UK’s electricity network.
Consumer Help first heard the news after scrolling through our long list of sources and immediately thoughts of fairness (or unfairness as the case may be) sprung to mind. Only in some parts of the UK is the network in need of improvement and only in these specific areas has it been starved of investment. However, if we turn back the clock to the last time there was a major project to improve the network we can see that it was those individual local councils which part funded the work. So is it really fair to expect the whole country to contribute this time around?
In many ways it seems that the UK electricity sector has been privatised and sold off although when companies need money to upgrade networks it is always the consumer who pays the price.
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