DECC’s energy policies could cost the public an extra £300, a Downing Street memo has suggested. Leaked analysis from the Prime Minister’s Office seen by The Daily Telegraph also cast doubt on whether household efficiency measures promoted by the energy department will be enough to counteract this.
Some energy firms have agreed that current energy policy reforms could add more than £300 to customers’ bills. npower said this reflected its own analysis. Volker Beckers, RWE npower’s CEO said that government was trying to deliver too much too soon and needed to focus on minimising the impact on consumers. He added: “The range of measures and scale of market intervention risks adding to market uncertainty and inefficiency.”
Energy Minister Greg Barker has recently expressed confidence that flagship policies like the Green Deal, which offers loans to install energy saving devices, will offer homeowners “real savings”.