Unpaywalled link to the Telegraph article below.
If it keeps costs down that's a good thing, and if it provides cheaper energy for companies like Nissan in the North who were complaining today about energy prices in the UK then it has to be a good thing too. Only today, Nissan's Alan Johnson told MPs that the Sunderland factory "
pays more for its electricity than any other Nissan plant in the world".
Includes
Quote:
Wind farm owners SSE and Scottish Power have claimed that the changes would create regional disparities in household bills, while spooking potential investors in renewable energy projects.
However, supporters such as Octopus Energy, Ovo Energy and Citizens Advice, as well as government quangos including the National Energy System Operator and the boss of regulator Ofgem, have argued that a zonal system would reduce costs for all households overall.
It would do this by making the system more efficient, for example ending “constraint” payments to wind farms – where they are paid to switch off – and reducing the need to spend money on new infrastructure that is ultimately funded through levies on consumer bills.
This year, an analysis by consultants at FTI found that a regional pricing system would save more than £3.7bn a year.
But the policy is still controversial among voters, recent polling suggests.
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https://www.msn.com/en-gb/money/othe...332b94d7&ei=12
---------- Post added at 17:56 ---------- Previous post was at 17:42 ----------
Quote:
Originally Posted by downquark1
While I support the CEO of octopus in this, it has to be noted that his company will benefit from this as the weaker competition may struggle to deal with zonal pricing.
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What is the weaker competition? Most retail energy suppliers are large multinationals these days like EDF, Centrica and Eon. The weaker, smaller players have gone to the wall.