NAO: Consumers paying ‘higher than necessary’ for electricity due to Ofgem’s regulations

The National Audit Office found households across Britain have paid at least £800m more because of weaker price controls set by the regulator

Ofgem and Ofwat ‘must prove they are effectively responding to consumer concerns’

The National Audit Office says regulators, including those covering energy and water, have not been specific enough in defining the overall outcomes they want to achieve for consumers

Claire Perry: Business case for smart meters ‘overwhelmingly positive’

The minister says smart meters ‘will make our lives simpler and easier and our bills more affordable’

Smart meter rollout costs will likely escalate, warns NAO

It says BEIS underestimated the time it would take to implement the infrastructure and technical standards for the second generation of smart meters

UK’s 2017 low carbon contracts ‘will add £100m a year to consumer bills’

The government awarded 11 Contracts for Difference worth up to £176 million annually in last year’s auction

UK Government scrapped rail electrification schemes ‘due to costs’

Transport Secretary Chris Grayling had said journeys could be improved sooner than expected without the need for “disruptive electrification works” due to advances in train power technologies

Consumers locked into ‘risky and expensive’ Hinkley nuclear deal

The government has “not sufficiently” considered the costs and risks of the Hinkley Point C nuclear plant deal for consumers. That’s according to the National Audit Office (NAO), which warns the deal has locked consumers into a “risky and expensive project with uncertain strategic and economic benefits”. The spending watchdog adds the case for the […]

Renewable subsidies ‘to add more to energy bills than planned’

Consumers will see an increase in household energy bills at the end of the decade as a result of the government exceeding its subsidies cap set for low carbon generation. According to the National Audit Office (NAO), the government initially set a cap on the Levy Control Framework (LCF) of £7.6 billion for 2020/21 but […]

Meeting UK carbon targets could cost £30 billion more without CCS

The government’s decision to cancel competition for carbon capture and storage may increase the cost of meeting the country’s 2050 carbon targets by an eye watering £30bn. That’s according to a report by National Audit Office (NAO) commissioned by the Environmental Audit Committee, which added it could also delay the deployment of the technology until […]

UK’s £240m energy efficiency scheme ‘failed to deliver savings’

The government’s flagship energy efficiency scheme, which cost taxpayers millions of pounds, forced up people’s bills without any additional energy savings. A damning report from the National Audit Office (NAO) states DECC’s design and implementation of the Green Deal, which was scrapped last July, did not persuade householders that energy efficiency measures are worth paying […]