British govt wants answers on soaring energy bills: report

(AFP) - Britain's finance minister Alistair Darling has called for a meeting with the country's energy regulator amid concern at steep rises in domestic fuel prices, British newspapers said Monday.

The Times said it had seen a letter from the chancellor of the exchequer to the heads of the independent regulator Ofgem and that he was concerned about the effect of double-digit hikes in consumer bills on macro-economic stability.

"I would be interested in receiving your assessment of gas and electricity supply and market conditions both in the UK and Europe and likely future trends," said the letter to Ofgem's chairman and chief executive.

Britain's fourth-largest energy supplier npower, owned by Germany's E.ON, last week said domestic customers would have to pay an average increase of 17.2 percent for gas and 12.7 percent for electricity.

Householders in some areas face up to 27 percent increases, with the prospect of energy bills going through the 1,000-pound-a-year (1,337-euro, 1,971-dollar) mark for the first time.

The announcement came against the backdrop of oil trading at more than 100 US dollars per barrel, prompting concerns that other utilities may follow suit plus concern from consumer groups and calls to say if the rises are justified.

Darling's letter also calls for Ofgem's views on the relationship between wholesale energy prices and domestic retail prices and whether firms were not using the fluctuating energy market to push up tariffs.

The FT, which carried a similar report, assessed that higher energy bills in Britain could not only impact on government attempts to curb inflation but also its efforts to tackle "fuel poverty".

Meanwhile, The Guardian said Monday that a planned levy of companies wanting to build a new generation of nuclear power stations in Britain could mean higher electricity bills for consumers as the cost is passed on.

Energy Secretary John Hutton is to announce the government's decision on the planned nuclear programme this week.

Subscribe to Trend in Google News! Subscribe
Geostat shares data on nominal GDP in Georgia
Geostat shares data on nominal GDP in Georgia
Georgia's bean imports decrease
Georgia's bean imports decrease
Azerbaijan and Georgia remain not only neighbors, but strategic partners - PM
Azerbaijan and Georgia remain not only neighbors, but strategic partners - PM
Loading Bars
Latest
SpaceX capsule with world's first all-civilian orbital crew splashes down off Florida
Indian gov't asks states to analyze COVID-19 situation, strengthen health infrastructure
Abu Dhabi to remove COVID-19 testing requirement at border starting Sep. 19
Facebook says WSJ allegations are 'mischaracterizations,' confer 'false motives'
Information made by Russian Defense Ministry regrettable - Azerbaijani Defense Ministry
EU eyes to expand project on creating 'green technologies' in Azerbaijan
Islamic State claims responsibility for attack on Syrian gas pipeline
Geostat shares data on nominal GDP in Georgia
Security Council voices concern over political strife in Somalia
Italy reports 51 coronavirus deaths on Saturday, 4,578 new cases
Iran’s Bahar Azadi gold coin price slightly falling
Another visit of Shusha residents to their hometown organized
Three killed in blasts in Afghan city of Jalalabad
Meeting of Azerbaijani and Russian military seamen held in Baku (PHOTO)
Ukraine intends to purchase textile products from Uzbekistan
Georgia's bean imports decrease
Kazakhstan-Croatia trade down y-o-y
Group of Azerbaijani pilots returns home after partaking in Turkey-held military exercises
Azerbaijan records slight decline in volume of cargo shipments via local ports in 8M2021
Iran's Subsidies Targeting Organization makes payments in agriculture sector
Representatives of Azerbaijani Air Force to take part in Teknofest-2021 festival
Argentina’s President Alberto Fernandez reshuffles cabinet after political crisis
Iran to increase area of olive gardens
OIC Ombudsmen Association sums up results of fact-finding mission to Azerbaijani Karabakh (PHOTO)
Azerbaijan's Shusha holding concert within Int'l Music Festival of famous composer Uzeyir Hajibayli (PHOTO)
Azerbaijani First VP Mehriban Aliyeva shares post related to National Music Day on Instagram (PHOTO)
Azerbaijani mortar units continue intensive combat trainings (VIDEO)
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 2,042 more COVID-19 cases, 3,224 recoveries
Azerbaijan and Georgia remain not only neighbors, but strategic partners - PM
Armenian military expert confirms use of Iskander missiles by Armenia against Azerbaijan
Uzbekistan Airways Technics opens tender for provision of services for sale of materials
Azerbaijan to promote famous composer Uzeyir Hajibayli's heritage worldwide - minister
Number of transactions on Uzbek stock exchange increases
Russian Navy's Caspian Fleet arrive in Baku port
Iran reveals COVID-19 data for September 18
Weekly review of Azerbaijani precious metals market
Uzbekistan reveals number of vaccinated citizens as of September 18
Iran, Tajikistan to increase trade ties
Turkmenistan considers resuming gas supply to Iran
Azerbaijan's Azermash launches new production line for vehicles
Volume of essential products imported to Iran through ports up
Kazakhstan boosts trade with Romania despite global pandemic
U.S. NTSB to probe fatal Tesla crash in Florida
Uzbekistan's private airline performs first flight to UAE
Azerbaijan and Iran hold discussions in connection with Gorus-Gafan road
Kazakh oil company to purchase pipes through tender
Georgia shares data on COVID-19 cases for September 18
MFA's of Kazakhstan, Tajikistan hold political consultations
Renowned Azerbaijani cultural figures arrive in Shusha
OSCE publishes interim report on local elections in Georgia
Azerbaijan’s Baku Metro opens tender to buy insulating materials
Uzbekneftegaz opens tender to buy equipment for turboexpander units
Kazakhstan's oil, gas company to purchase steel via tender
Weekly review of key developments in Azerbaijan's transport sector
IRICA shares data on import of COVID-19 vaccine to Iran
Azerbaijani oil prices up
Iran, Tajikistan sign several bilateral cooperation documents
Film on renowned Azerbaijani composer Uzeyir Hajibeyli produced in Los Angeles
Russia organizes another charter flight to bring its citizens back from Turkmenistan
Weekly review of Azerbaijani currency market
Uzbekistan shares COVID-19 data for September 18
Iranian currency rates for September 18
Iran requires investment for development of joint gas fields - MP
USAID to allocate funds for Georgia to fight COVID-19
Who was behind WB's falsification of data on Azerbaijan in 'Doing Business' reports?
Turkmenistan’s Turkmenbashi oil refineries extends tender for overhaul
Iran receives batch of COVID-19 vaccine from Austria
Monetary conditions in Azerbaijan becoming anti-inflationary - Central Bank
SCO begins Iran's full membership process - MFA
Iran sees decrease in unemployment rate in Tehran
Uzbekneftegaz shares data on weekly oil prices on exchange trading
Gunman convicted in deadly Colorado school shooting gets life without parole
Hydrogen projects to raise demand for water supply via desalination
Oil prices to fall due to rising global oil supply, rather than dwindling demand
Akkuyu NPP construction never stopped for an hour despite pandemic — Rosatom chief
Beijing Stock Exchange specifies investor access thresholds
2,901 more COVID-19 cases reported in Kazakhstan
Georgia shows strong commitment to transitioning to clean energy - GGF
USAID supports citizen engagement in improving infrastructure in Balakan, Gakh and Zagatala (PHOTO/VİDEO)
Argentina's Fernandez reshuffles Cabinet after crisis week
Yemen's gov't complains to UNSC over Houthi attack on Mocha port
U.S. probes possible insider trading at Binance
UN Security Council extends Afghan mission mandate for six months
Oil prices decline amid U.S. dollar strength
G20 meeting on Afghanistan planned for September 22
Algeria's former President Bouteflika dies at 84
Turkey reports 27,692 daily COVID-19 cases
Taliban official discusses plans for fixed govt.
S. Korea shortens list of foreign arrivals subject to 2-week mandatory quarantine
Over 634,000 Afghans displaced by conflicts this year - UN agency
France recalls envoys in U.S, Australia over submarine deal
Russia to boost production of vaccines to 45 mln doses a month
Pentagon says Kabul drone strike killed 10 civilians in 'tragic mistake'
Turkey's chemical exports to Turkmenistan grow in 7M2021
UK removes 8 countries, including Turkey, from red travel list
Report of US Commission on Int'l Religious Freedom is biased - head of Azerbaijani State Committee (PHOTO)
OIC Ombudsmen Association's delegations inspects monument "Maraga-150" in Tartar (PHOTO)
Uzbekistan, Turkmenistan to resume flights
Turkmenistan, UN talk creation of national database on SDGs
All news