Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
Publisher: The Stationery Office
ISBN: 9780215560872
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
The Energy and Climate Change Committee believes that energy companies found to have mis-sold electricity and gas deals should pay compensation to consumers. The Committee is concerned that customers may be pressured into switching supplier on the door-step without proper consideration of the options when confronted with a vast array of complex tariffs and a hard sell. Figures from Ofgem suggest that up to 40% of consumers who switch do not end up with a better deal. The report also raises concerns about the propensity for energy prices to 'rise like a rocket and fall like a feather', the growing complexity of tariffs and the market dominance of the 'Big Six' vertically integrated energy companies. The MPs single out recent price increases from ScottishPower for particular criticism. Customers who use the least energy will be hit the hardest from August when the increases are put into effect providing an apparent incentive for higher consumption - when energy companies are now supposed to be helping consumers become energy efficient. Electricity and gas tariffs are now so complex that even the Energy Minister admitted he got confused when trying to switch. The Committee is worried that a lot of people are simply bamboozled by their bills and the vast array of different tariffs on offer. The industry should address these problems immediately without waiting for Ofgem or the Government to act.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264950621
Category :
Languages : en
Pages : 156
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Book Description
Argentina has embarked in a series of regulatory reforms to improve the quality of its regulatory framework. High-quality regulations can protect consumers and the environment without becoming burdensome for citizens and businesses.
Author: OECD
Publisher: OECD Publishing
ISBN: 926428074X
Category :
Languages : en
Pages : 109
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Book Description
Regulators help ensure the access to and quality of public utilities, facilitate investment and protect market neutrality. Good external and internal governance of regulators is crucial to their performance. Based on a framework developed by the OECD, this study assesses the functions ...
Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
Publisher: The Stationery Office
ISBN: 9780215052193
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
Consumer engagement with the energy market is low. The lack of engagement is linked to low levels of competition and a high proportion of customers who are unlikely or unwilling to switch energy supplier. With little incentive for suppliers to offer consumers a better deal, some customers are getting worse deals than others, which reduces consumer trust. Ofgem hopes to increase both engagement and competition by simplifying tariffs and making it easier to switch. The Government has pledged to require providers to give customers the cheapest tariff. The Committee suggests that indicators should be established to measure the success of these proposed reforms. Also, greater transparency is needed in respect of energy company profits and prices, to restore consumer confidence and streamlining the various sources of information on energy issues would also promote consumer trust. The Government's plans lack detail on how consumer access to information about energy efficiency will be increased. By highlighting these issues, the Committee hopes to kickstart a national conversation about the cost to consumers of investing in the provision of secure, clean and affordable energy supplies for the future. For oral and written evidence, see Volume 2 (ISBN 9780215052186)
Author: OECD
Publisher: OECD Publishing
ISBN: 9264280839
Category :
Languages : en
Pages : 114
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Book Description
Based on a framework developed by the OECD, this study assesses the functions, practices and behaviour of Mexico’s Energy Regulatory Commission.
Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
Publisher: The Stationery Office
ISBN: 9780215559524
Category : Business & Economics
Languages : en
Pages : 318
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Book Description
Over one hundred billion pounds of investment is needed by 2020 to replace the UK's aging power stations, cut carbon emissions and maintain energy security. Government proposals for Electricity Market Reform (EMR) are supposed to encourage power companies to deliver clean affordable energy. But the Energy and Climate Change Committee is concerned that the current proposals are over-complex and could fail to attract the £110 billion investment needed in electricity generation alone by 2020. It is calling on the Government to simplify its package of reforms to provide a more certain framework for investors. The starting point for EMR should be a clearly defined objective to reduce the carbon intensity of electricity generation in the UK to 50g of CO2 per kilowatt hour (KWh) by 2030. The wholesale market should be fundamentally reformed to break up the dominance of the Big Six energy companies, in order to allow new entrants to invest in the UK and improve the liquidity of the market. The long term contracts designed to encourage low carbon energy sources - known as Feed-in-Tariffs with Contracts for Difference - will work for nuclear, but different types of contract are needed for renewables and other clean technologies. The Carbon Price Support is a necessary short term solution to weaknesses in the EU Emission Trading System, but will increase costs for consumers and could provide a windfall for nuclear and renewables generators. The MPs also call on the Government to be clear about the effect that reforms will have on energy bills.
Author: Despoina Mantzari
Publisher: Oxford University Press
ISBN: 019885160X
Category : Evidence (Law)
Languages : en
Pages : 273
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Book Description
Courts, Regulators, and the Scrutiny of Economic Evidence presents the first systematic examination of economic regulation and the crucial role of economic evidence in regulatory authorities and courts. This book brings together strands of scholarship from law, economics, and political science to explore two key themes: the influence of economic evidence on the discretionary assessments of economic regulators, and the limits of judicial review of economic evidence, supplemented with comparative examination of both UK and US systems. In light of the challenges posed by economic evidence, Mantzari argues the appropriate scope of judicial review in the era of regulatory economics, and what the optimal institutional response to the pervasiveness of economic evidence in regulation should be. Building on comparative institutional analysis, this book rejects single-factor explanations, such as the individual knowledge of judges, in favour of a richer set of macro and micro-level factors that shape the relationships between courts and regulators. Mantzari argues that the 'recipe' for adjudicating economic evidence requires a balance in which a degree of epistemic diversity is introduced in courts, and deference is accorded to regulatory agencies on grounds of institutional competency. The book combines theoretical, doctrinal, comparative, and empirical analysis and it is written to be accessible to lawyers, economists, judges, regulators, policymakers, and political scientists.
Author: Great Britain. Parliament. House of Commons. Business and Enterprise Committee
Publisher: The Stationery Office
ISBN: 9780215523259
Category : Political Science
Languages : en
Pages : 600
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Book Description
A report from the 'Business and Enterprise Committee' that inquires into the effect of the 'Big 6' energy companies - which include Npower, Centrica, EDF Energy, Scottish Power, and Scottish and Southern Energy - all raising their prices between January and April 2008. It aims to feed into a separate inquiry being carried out by Ofgem.
Author: Glachant, Jean-Michel
Publisher: Edward Elgar Publishing
ISBN: 1788979958
Category : Business & Economics
Languages : en
Pages : 672
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Book Description
With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.
Author: Sandu-Daniel Kopp
Publisher: Springer
ISBN: 3658083247
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
Sandu-Daniel Kopp investigates whether carbon reduction targets are compatible with market-driven competition in gas (and power) industries, and whether security of supply is compatible with competitive markets. He examines the policy trade-offs which need to be made between the three different elements, and whether these policy judgements should be economically or politically based. The analysis shows the need for a complex set of politically determined options to protect (competitive) markets from price risks and emergency events and demonstrates that this has thus far failed the policy test. Overall, the author argues that the three major elements of EU energy policy are incompatible in important respects and thereby challenges much of the conventional wisdom of EU and Member State policies of the past decade.
