This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-24741541
The article has changed 6 times. There is an RSS feed of changes available.
Version 1 | Version 2 |
---|---|
Small energy firms 'escape levies' | Small energy firms 'escape levies' |
(35 minutes later) | |
The head of one of the UK's biggest energy companies has suggested that smaller providers have an unfair cost advantage. | The head of one of the UK's biggest energy companies has suggested that smaller providers have an unfair cost advantage. |
Tony Cocker, the chief executive of E.On, said small companies were excused from paying some of the environmental and social levies. | |
Such levies make up between 8% to 9% of the average bill. | Such levies make up between 8% to 9% of the average bill. |
One of the smaller companies, Ovo Energy, has claimed that its bills are up to 13% lower than its rivals. | One of the smaller companies, Ovo Energy, has claimed that its bills are up to 13% lower than its rivals. |
The claim comes after the bosses of eight energy companies appeared before MPs on Tuesday to justify recent price rises. | The claim comes after the bosses of eight energy companies appeared before MPs on Tuesday to justify recent price rises. |
"The small companies are exempt from a number of environmental and social obligations," Tony Cocker told the BBC's Today Programme. "Not all, but some of them." | "The small companies are exempt from a number of environmental and social obligations," Tony Cocker told the BBC's Today Programme. "Not all, but some of them." |
Stephen Fitzpatrick, the managing director of Ovo Energy, claimed that his firm could cut bills for many consumers. | Stephen Fitzpatrick, the managing director of Ovo Energy, claimed that his firm could cut bills for many consumers. |
"I can tell you, of the four companies that have raised their prices, we are around £160 cheaper. So that's about 12% to 13% for a customer of average consumption," Mr Fitzpatrick told the BBC. | "I can tell you, of the four companies that have raised their prices, we are around £160 cheaper. So that's about 12% to 13% for a customer of average consumption," Mr Fitzpatrick told the BBC. |
Ovo raised its prices by 5.8% in April 2013. | Ovo raised its prices by 5.8% in April 2013. |
So far this month, British Gas, SSE, Scottish Power and Npower have raised prices by an average of 9.1%. | So far this month, British Gas, SSE, Scottish Power and Npower have raised prices by an average of 9.1%. |
The regulator, Ofgem, estimates that levies add about £107 a year to an average bill, or 8%. | The regulator, Ofgem, estimates that levies add about £107 a year to an average bill, or 8%. |
The Department for Energy and Climate Change (DECC) puts the figure at £112, or about 9%. | The Department for Energy and Climate Change (DECC) puts the figure at £112, or about 9%. |
The Prime Minister has already pledged to consider "rolling back" some of the levies. | The Prime Minister has already pledged to consider "rolling back" some of the levies. |