Thursday, 14 July 2011

Energy White Paper: 'Big Six' response

Energy Minister, Chris Huhne, admitted this week consumers 'will need to pay to secure a low carbon future' when he presented his energy white paper to Parliament.

However, well before the minister had spoken both British Gas and ScottishPower had already raised prices well above inflation.

British Gas parent firm Centrica Energy's managing director, Mark Hanafin, called the ERM an 'important step' that will 'come at a cost'.

He said: "There remains much detail to resolve so that investors can have confidence that the tax and regulatory environment makes the UK energy sector a good place to invest.

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