Electricity buyers set for price hike_2
19 July 2012
Utilities buyers could face a double set of electricity price increases for the April negotiations, after energy regulator Ofgem postponed the New Electricity Trading Arrangements (Neta) this month.
“The long-term message for buyers is they could see an increase,” Ian Dobson, chairman of the CIPS energy committee, told SM. In April, the climate change levy will come in with an expected 15 per cent hike, he said, adding that electricity forward agreement (EFA) prices have also been rising.
When it takes effect, Neta is expected to give a 10 per cent...