• About
  • Advertise
  • Contact
Tuesday, February 19, 2019
No Result
View All Result
BECOME A CONTRIBUTOR
WeWillRiot BLOG
11 °c
San Francisco
  • Home
  • World
  • Politics
  • Business
  • Science
  • Travel
  • Automobiles
  • Entertainment
    • All
    • Gaming
    • Sports
    How Will The Premier League Be Affected Post-Brexit?

    How Will The Premier League Be Affected Post-Brexit?

    England XI To Face Croatia In Nations League

    England XI To Face Croatia In Nations League

    NC State Football To Host ECU In 12th Game Of 2018

    NC State Football To Host ECU In 12th Game Of 2018

    James Milner Has Become Central To Jurgen Klopp And Liverpool

    James Milner Has Become Central To Jurgen Klopp And Liverpool

    Football’s Yellow First-Down Marker Turns 20 Years Old

    Football’s Yellow First-Down Marker Turns 20 Years Old

    GCMS Football Hits No. 1 Ranking

    GCMS Football Hits No. 1 Ranking

    Croatia’s Luka Modric Wins FIFA’s Best Player Of The Year Award

    Croatia’s Luka Modric Wins FIFA’s Best Player Of The Year Award

    Fifa Warns Sierra Leone It Faces A Ban From Global Football

    Fifa Warns Sierra Leone It Faces A Ban From Global Football

    The Top 5 College Football Teams’ Biggest Weaknesses

    The Top 5 College Football Teams’ Biggest Weaknesses

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    7 Mental Health Hacks You Should Do Right Now

    7 Mental Health Hacks You Should Do Right Now

    Five Ways your Cell Phone is affecting your Health

    Five Ways your Cell Phone is affecting your Health

    Various Ways Of Wearing Hijab

    Various Ways Of Wearing Hijab

    The challenge of cleaning the Mattress to make the bed feel fresh

    The challenge of cleaning the Mattress to make the bed feel fresh

    The Five Designers Debuting At New York Fashion Week Next Month

    The Five Designers Debuting At New York Fashion Week Next Month

    What Too Much Alcohol Can Do To Your Health

    What Too Much Alcohol Can Do To Your Health

    Measles Cases Reach Record High In Europe Region

    Measles Cases Reach Record High In Europe Region

    Make Up Tips for Your 30,s

    Make Up Tips for Your 30,s

    5 Reasons Why Denim Is A Must-Have In Your Closet

    5 Reasons Why Denim Is A Must-Have In Your Closet

    Here’s Where Amazon Stands In Fashion Ahead Of Prime Day

    Here’s Where Amazon Stands In Fashion Ahead Of Prime Day

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Using Instagram Comments to Your Advantage

    Using Instagram Comments to Your Advantage

    WordPress Photography Mistakes to Avoid If You Wish to Engage Traffic from Instagram

    WordPress Photography Mistakes to Avoid If You Wish to Engage Traffic from Instagram

    No Plan To Sell Tower Business To Jio: BSNL

    No Plan To Sell Tower Business To Jio: BSNL

    Unique And Interesting Trends In UX Design For 2018

    Unique And Interesting Trends In UX Design For 2018

    Influencer Marketing- A trick how to focus on influential audience

    Influencer Marketing- A trick how to focus on influential audience

    Three Task Forces In The Works To Boost Trade & Tech

    Three Task Forces In The Works To Boost Trade & Tech

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Home
  • World
  • Politics
  • Business
  • Science
  • Travel
  • Automobiles
  • Entertainment
    • All
    • Gaming
    • Sports
    How Will The Premier League Be Affected Post-Brexit?

    How Will The Premier League Be Affected Post-Brexit?

    England XI To Face Croatia In Nations League

    England XI To Face Croatia In Nations League

    NC State Football To Host ECU In 12th Game Of 2018

    NC State Football To Host ECU In 12th Game Of 2018

    James Milner Has Become Central To Jurgen Klopp And Liverpool

    James Milner Has Become Central To Jurgen Klopp And Liverpool

    Football’s Yellow First-Down Marker Turns 20 Years Old

    Football’s Yellow First-Down Marker Turns 20 Years Old

    GCMS Football Hits No. 1 Ranking

    GCMS Football Hits No. 1 Ranking

    Croatia’s Luka Modric Wins FIFA’s Best Player Of The Year Award

    Croatia’s Luka Modric Wins FIFA’s Best Player Of The Year Award

    Fifa Warns Sierra Leone It Faces A Ban From Global Football

    Fifa Warns Sierra Leone It Faces A Ban From Global Football

    The Top 5 College Football Teams’ Biggest Weaknesses

    The Top 5 College Football Teams’ Biggest Weaknesses

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    7 Mental Health Hacks You Should Do Right Now

    7 Mental Health Hacks You Should Do Right Now

    Five Ways your Cell Phone is affecting your Health

    Five Ways your Cell Phone is affecting your Health

    Various Ways Of Wearing Hijab

    Various Ways Of Wearing Hijab

    The challenge of cleaning the Mattress to make the bed feel fresh

    The challenge of cleaning the Mattress to make the bed feel fresh

    The Five Designers Debuting At New York Fashion Week Next Month

    The Five Designers Debuting At New York Fashion Week Next Month

    What Too Much Alcohol Can Do To Your Health

    What Too Much Alcohol Can Do To Your Health

    Measles Cases Reach Record High In Europe Region

    Measles Cases Reach Record High In Europe Region

    Make Up Tips for Your 30,s

    Make Up Tips for Your 30,s

    5 Reasons Why Denim Is A Must-Have In Your Closet

    5 Reasons Why Denim Is A Must-Have In Your Closet

    Here’s Where Amazon Stands In Fashion Ahead Of Prime Day

    Here’s Where Amazon Stands In Fashion Ahead Of Prime Day

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Using Instagram Comments to Your Advantage

    Using Instagram Comments to Your Advantage

    WordPress Photography Mistakes to Avoid If You Wish to Engage Traffic from Instagram

    WordPress Photography Mistakes to Avoid If You Wish to Engage Traffic from Instagram

    No Plan To Sell Tower Business To Jio: BSNL

    No Plan To Sell Tower Business To Jio: BSNL

    Unique And Interesting Trends In UX Design For 2018

    Unique And Interesting Trends In UX Design For 2018

    Influencer Marketing- A trick how to focus on influential audience

    Influencer Marketing- A trick how to focus on influential audience

    Three Task Forces In The Works To Boost Trade & Tech

    Three Task Forces In The Works To Boost Trade & Tech

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
No Result
View All Result
WeWillRiot BLOG
No Result
View All Result
Home Lifestyle

Consumers & Organizations Paying Too Much For Energy

Consumers & Organizations Paying Too Much For Energy
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

Prof Dieter Helm, from Oxford University, was asked by the government to examine how to reduce energy costs while achieving climate change targets.

He concluded that energy-users should have benefited more from falling costs and technical efficiencies.

And he recommended a new default tariff to replace current variable tariffs.

That new tariff would effectively cap the profits made by energy companies, although prices themselves would not be controlled.

It comes two weeks after the government published a draft bill to cap charges for 12 million customers on standard variable tariffs (SVTs).

‘Limited benefits’

Since 2014, Prof Helm said the price of oil, gas and coal had fallen significantly, contrary to government forecasting.

The price of renewables had also come down, thanks to technical improvements in things like battery power.

“New technologies should mean lower, not higher, costs and much greater scope for energy efficiency,” he said in the report.

“Margins should be falling as competition should be increasing. Yet in this period, households and industry have seen limited benefits from these cost reductions. Prices have gone up, not down, for many customers.”

The main reason for that was green energy taxes, brought in to pay for renewable forms of generation, which make up around 20% of household bills.

Prof Helm also recommended:

  • The legacy cost of green energy surcharges – such as the Renewables Obligation – should be shown separately on customer bills
  • The cost of the energy itself would then be lower
  • Industrial customers should be exempt from paying such charges
  • A new body should be set up to oversee the National Grid and regional distribution companies, so reducing the role of Ofgem
  • Carbon prices – and carbon taxes – should be harmonised across the country

‘Can do better’

“Not to implement these recommendations is likely to perpetuate the crisis mentality of the industry, and these crises are likely to get worse, challenging the security of supply, undermining the transition to electric transport, and weakening the delivery of the carbon budgets,” the professor said.

“We can, and should, do much better, and open up a period of falling prices as households and industry benefit from the great technological opportunities over the coming decades.”

The government responded to the report by saying it was already planning to reduce energy costs, including an end to “rip-off” tariffs.

It was also committed to cutting carbon emissions, while driving economic growth.

It will now seek the views of industry, businesses and consumer groups.

This story was originally published in bbc By Brian Milligan Personal Finance reporter.

Tags: ConsumersEnergyOrganizations
James

James

Related Posts

7 Mental Health Hacks You Should Do Right Now

7 Mental Health Hacks You Should Do Right Now

by J. William
October 19, 2018
0

According to Richard Davidson, Ph.D., founder of the Center for Healthy Minds, "Our brains are continuously being hacked—by the media,...

Five Ways your Cell Phone is affecting your Health

Five Ways your Cell Phone is affecting your Health

by admin
September 25, 2018
0

Cell phones are now common throughout all age groups - from children to young adults to the aged, cell phones...

Various Ways Of Wearing Hijab

Various Ways Of Wearing Hijab

by admin
August 29, 2018
0

Hijab is a shroud worn by some Muslim ladies within the sight of any male outside of their close family,...

The challenge of cleaning the Mattress to make the bed feel fresh

The challenge of cleaning the Mattress to make the bed feel fresh

by admin
August 29, 2018
0

You have often seen that infants or young children wet the bed. Most people take out the bedsheet and put...

The Five Designers Debuting At New York Fashion Week Next Month

The Five Designers Debuting At New York Fashion Week Next Month

by J. William
August 22, 2018
0

While glossy September issues may be losing their lustre, fashion week never fails to flood New York City with editors,...

What Too Much Alcohol Can Do To Your Health

What Too Much Alcohol Can Do To Your Health

by J. William
August 22, 2018
0

A lot of us drink. Too many of us drink a lot. Worldwide, each person 15 years and older consumes...

Category

  • Animal
  • Automobiles
  • Business
  • Crime
  • Entertainment
  • Fashion
  • food
  • Gaming
  • Health
  • Inspiration
  • Lifestyle
  • Movie
  • Music
  • Politics
  • Science
  • Sports
  • Tech
  • Travel
  • World

BECOME A CONTRIBUTOR

All it will take is a minute to expose and explore your talent and creativity. So what are you waiting for JOIN today for free.
BECOME A CONTRIBUTOR

Site Links

  • Register
  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org

About Us

” WeWillRiot.com ” A Blog which is a site for all sort of things. From Entertainment to Current news, Spirituality to Science, Bollywood to Hollywood, from what’s Trending to what’s not.

  • About
  • Advertise
  • Contact

© 2018 WeWillRiot.com

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Gaming
  • Sports
  • Fashion
  • Lifestyle
  • Tech
  • Health
  • Food

© 2018 WeWillRiot.com