"The bulk of the £200 (10%) saving from a year ago is not real. It's a transfer of bad climate policy costs from bills to taxes. Hiding the problem, not solving it. This means future taxpayers, your children, are now subsidising old wind farms and failed heat pump promotion campaigns, rather than stopping the waste."
"They further bury in the notes the fact that the fall would have been greater were it not for £66 being added to bills by raising network (or grid) costs, which almost entirely relates to the clean power plan. This is propaganda not regulation."
"While the government is may wish to push whatever net zero nonsense helps them sleep at night, OFGEM exists to serve the public, which requires a drier analysis and transparency on the vast and growing bill for this ideological crusade."
Ofgem reports a £200 (10%) bill reduction, but most savings represent a transfer of climate policy costs from energy bills to general taxation rather than real savings. Future taxpayers subsidize failed initiatives like old wind farms and heat pump programs. The remaining savings stem from lower wholesale natural gas prices, which Ofgem downplays while claiming gas exposure poses greater risk. Ofgem obscures that network costs increased by £66 due to clean power plan implementation. The regulator's statements prioritize political messaging over transparent analysis of growing climate policy expenses, failing its duty to protect consumers through honest reporting.
Read at London Business News | Londonlovesbusiness.com
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