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Prompt change needed to lower energy bills

Published: 03/02/2010

Without "prompt change" consumers could face higher energy bills, the latest report from energy regulator Ofgem suggests.

Published today (February 3rd), the organisation's report on Britain's energy supply has found that current energy arrangements are stretched and will not meet sustainability targets.

But Alistair Buchanan, the regulator's chief executive, commented that fast action from the government will "help keep costs as low as possible for consumers and businesses".

He suggested that investing in energy now will avoid difficulties and high bills in the future.

The global financial crisis, an increase in world-wide demand for energy, tougher EU emissions targets and the closure of ageing power stations have all increased the pressure on gas and electricity providers.

Ofgem is concerned that this pressure could lead to rising costs being passed on to consumers.

If prices rise, consumers are advised to shop around to find the best deal.

Making changes such as paying energy bills by direct debt could also save money.

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