‘Lower prices if Neta launched now’ claim
3 April 2012
Introducing the much-awaited and controversial New Electricity Trading Arrangements (Neta) would slice between 3 to 5 per cent off average electricity prices by July, according to experts.
Stephen Byers, trade and industry secretary, is to tell Parliament whether Neta is to be launched on 27 March. The regime, to replace the present one-price “pool” system where suppliers negotiate individual contracts with customers, has already been postponed twice.
However, analysts fear another delay could cause price rises. Electricity buyers report prices...