UK to cut profits for energy companies

In addition, the UK regulator is considering a maximum aggregate operator pool of £20,900 million (€24,160 million) to invest in maintenance and resilience improvements, which is a 17% decrease compared to what the companies have proposed. Business.

“We are determined to achieve Best deal for consumers The proposals we are publishing today mean that significant additional investments can be made to achieve net zero without any pressure on bills, said Jonathan Brierley, the bureau’s chief executive.

In the UK, electricity distribution costs are paid for by consumers, who are already facing “extraordinary pressure” on their electricity bills, according to the government.

“Ofgem is determined to get the best possible deal for consumers and proposes stricter efficiency targets for networks combined with a significant reduction in the maximum allowable return, meaning that consumer money goes to network and corporate profits,” the bureau stressed in a statement.

There are a total of 14 electricity distribution network operators in the UK, which in turn are owned by six companies: North West Electricity, UK Power Grids, Western Power Distributon, Northern Powergrid, SP Energy Networks, Scottish and Southern Electricity Grids.

Currently, British households pay around £100 (€115.6) a year in terms of operating, maintenance and reinforcement costs for their power grids.

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