UK Energy Regulator Sets Out to Cut Bills GBP15-GBP25 a Year by 2021

03/07/18 02:56 AM EST
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; @IanWalk40289749


(END) Dow Jones Newswires

March 07, 2018 02:56 ET (07:56 GMT)

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