Big Six 'could receive £245m windfall'
A new report has revealed the Big Six could be set to receive a sum of £245 million.
Last year, chancellor George Osborne announced the government's Energy Companies Obligation energy efficiency scheme would be cut, with savings of between £30 - £40 passed onto consumers, Business Green reports.
The Big Six confirmed its customers would receive an average rebate of £32.50. However, the Association for the Conservation of Energy (ACE) has claimed these providers are saving an estimated £45 per household.
It argues the Department of Energy and Climate Change underestimated how much effort providers would put into insulation schemes before the cuts were made, as those who did received benefits.
Pedro Guertler, head of research at the ACE, said: "If they got rid of levelisation … then you can absorb the windfall, energy companies would have to do more improvements ... but you would still deliver a saving of £32.50 to consumers."
Posted by Paul Taylor