Ignore whining energy companies, Ofgem is right to cap their returns

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They’re characterising it as a missed opportunity to hasten the move to net zero. It’s not. They’re being treated very generously, says James Moore

The Independent employs reporters around the world to bring you truly independent journalism. To support us, please consider a t’s either a “massive missed opportunity” that’s “gravely at odds with the UK government’s ambition to boost investment in green infrastructure”, or it’s a bold plan to “transform Britain’s

 

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Energy watchdog unveils £25bn green investment and plan to cut household billsOfgem to upgrade infrastructure and cut consumer bills by £20 a year That’s strange, because all those green wankers have ever done is put money on bills.. It costs £25billion and £20 will be given to each of the 22million households in the uk ie £44 million. So what’s happening to the remaining £24.999 billion and why couldn’t each household receive £100 or £1,000, or better yet a heat pump to replace their gas boiler? The investment is good, though the saving of £1.67/month on bills isn't a newsworthy element, even for a penny pincher like me...
Source: The Guardian - 🏆 84. / 53 Read more »