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‘61% of Brits to switch suppliers after high bills’
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The project is a partnership between the Scottish Government and network companies including SP Energy Networks and SSEN
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They recover their allowed revenues from charges to suppliers, who in turn pass these costs to customers through their energy bills
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National Grid is ‘disappointed’ with the proposals and the Energy Networks Association says they will have ‘damaging impacts’
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It is for the next price controls set by Ofgem on how much the firms can charge for running the gas and electricity transmission and distribution networks
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The decision follows Ofgem’s consultation on the requests in August
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The regulator has set out its initial views and said final decisions will be made in September
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It is expected to deliver savings worth more than £5bn for consumers
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