In response to DECC's report on Estimated impacts of energy and climate change policies on energy prices and bills released today, Angela Knight CBE, Chief Executive of Energy UK said:
"It is only fair that consumers should know what they are paying for when they pay their energy bill. Social and environmental levies, the regulator's decision on how much the maintenance and upgrading of the networks should be, and taxation, amounts now to 34%* of an average household dual fuel bill, according to the report DECC released today.
There are other costs included in the bill too such as the wholesale cost of energy, the company's operating costs and profit. Energy companies have been working hard to make their bills clearer and explain these varying costs to their customers. But an open and honest discussion is needed with consumers on what energy policy means for them. Energy security, investment and job creation are all needed but it will come with a price tag."
* Source: DECC report Estimated impacts of energy and climate change policies on energy prices and bills (page 8, chart 1).
Notes to Editors
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