lobbied the government to cut 'green levies' from bills,
and yesterday they
got their wish. But now the government has announced it will
reforming a number of energy efficiency schemes, do the
'big six' stand to profit?
The Times this morning
reported that the policy rollback could mean companies
reap the rewards of selling energy that would not be needed if
energy companies were made to stick to their efficiency targets.
The news is likely to be poorly received by consumers and
politicians who have lambasted the industry for making what some
see as excessive
profits in recent months.
The government says the changes aren't a sop to the big six,
however. It maintains that the policy changes will save as much
energy as the previous package. We take a close look at the
£360 million extra revenue
The government has announced it will
relax the requirements of an energy saving scheme that
obliged energy suppliers to subsidise home insulation for
low-income households - known as the energy company obligation
(ECO). The Times reports that companies will be able to sell an
extra £360 million worth of energy due to the changes.
The headline figure comes from energy efficiency industry group,
the Association for the Conservation of Energy (ACE). It argues
that because the programme is being cut, less homes will be made
energy efficient, and energy companies will profit from the overall
increase in energy use.