UK Energy Regulator Sets Out to Cut Bills GBP15-GBP25 a Year by 2021
07 March 2018 - 7:11PM
Dow Jones News
By Ian Walker
The U.K. energy regulator Ofgem said Wednesday that it is
proposing new price controls that will cut household bills by
between 15 pounds ($20.82) and GBP25 a year from 2021.
The proposal will also lower returns for investors Ofgem said,
noting that if it were in force today the equity range--or amount
energy companies pay their shareholders--would be between 3% and
5%.
Ofgem said it will finalize the new regulatory framework for
setting the next price controls this summer, and expects its final
ruling to be published by the end of 2020.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
March 07, 2018 02:56 ET (07:56 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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