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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Consumers are missing out on the benefits of greater competition in energy marke ...
Consumers are missing out on the benefits of greater competition in energy markets, despite wholesale reductions in the price of energy, UK Energy Minister Brian Wilson has stated. On the eve of a meeting of the EU Energy Council in Brussels, Wilson advised European counterparts to learn from the UK experience of energy liberalisation so that consumers would benefit from the creation of a single EU energy market. He cited a recent report by the National Audit Office that found wholesale prices in the UK energy market had fallen by up to 40% since the New Electricity Trading Arrangements (NETA) were introduced, but the price savings had not been passed on to domestic customers.
News Item details
Region: Europe|UK
Keywords: Utilities - Government
Subjects: Trading, Policy and Governance, Economics, business and commerce, Transformation [Energy processing] (Conversion), Domestic, People and behaviour, Electricity, Drying / evaporation
