Electricity prices ‘unlikely to fall’ under Neta this year
3 April 2012
Electricity prices will remain firm for the rest of the year despite the introduction of the new electricity trading arrangement (Neta) on 27 March, energy experts predicted this week.
Neta’s introduction was hoped to lead to further cuts in companies’ electricity bills as its system of competitive tendering for business replaced the old one-price pool system. But the deep discounts that have been negotiated in anticipation of Neta mean there is little room for further cuts.
Electricity buyers reckon that the baseload electricity price of £19...