Ofgem claims big price falls for Neta_2
17 August 2012
Energy buyers have reaped the rewards of the New Electricity Trading Arrangements (Neta) in its first year, according to a new report.
Buyers in large to medium-sized companies in particular have made big savings, according to Neta - One Year On, from energy regulator Ofgem.
It says prices have fallen by up to 40 per cent because there are more generators.
Neta began last March. It replaced the electricity pool, which set wholesale prices for England and Wales centrally, with an open...