Tag Archives: big six

Green levy cuts could threaten good energy market competition

Big fish eat little fish, hook and worm baitThis post is by Caroline Julian, head of research at the independent think tank ResPublica.

The government’s announcement to reduce energy bills by an average of £50 per household per year will temporarily be a welcome relief, but only for customers of the larger energy companies. The cuts to the Energy Company Obligation (ECO) insulation scheme, which will account for a £30-35 bill reduction, as with other green levies, apply only to those suppliers with over 250,000 customer accounts or 125,000 dual fuel customers, which presently includes the Big Six energy companies plus First Utility. Read more