Energy Companies Cheer Cameron’s Eco‑Tax Reforms

Energy Companies Cheer Cameron’s Eco‑Tax Reforms

David Cameron Puts the “Green” in Green Taxes and the “Check” in Competition

In a move that had the energy sector throwing confetti, PM David Cameron announced he’ll be taking another look at the green taxes cranking up bills.

Energy Giants Join the Party

The Big Six – those giant name‑drops we read about every time we go to the shop – are shouting their thanks.

  • SEE spokesperson: “A balanced audit of competition is the extra ingredient we need to keep the customers’ trust simmering.”
  • SSE: Ticked a price hike of 8.2% a fortnight back. “We’ll keep it up; it’s just the bit of extra pancakes we add on.”

npower Pays the Price Hook

RWE npower’s big boss, Paul Massara, made a splash about the reviews. He let us in on the insider’s math:

“We’re on board with reviewing how green taxes inflate bills and with ofgem’s annual competition check.”

“Energy suppliers only control 16% of a household’s bill. The rest? 23% is network monopolies, 15% owes to government.”

“These segments deserve equal scrutiny – it’s the only fair way to keep the juice flowing.”

Earlier this week npower met the retail challenge by upping prices a solid 10.4%.

Government’s Game Plan

The energy department is setting up a tri‑way play with Ofgem leading the charge, OFT in tow, and a brand new Competition & Markets Authority on the horizon. “We’ll be breaking down the bill like a sushi chef, slicing out the parts that need a closer look.”

And for those who need a quick laugh: “Turns out the only thing greener than the taxes is the environmental bill that’s plain, invisible, and unsatisfying.”

Quick Takeaways

  • Energy companies welcome the review, celebrating the extra oversight.
  • The PM vows an annual market pulse check to keep competition honest.
  • Price hike numbers: SSE at 8.2% – npower spiked it by 10.4%.
  • Calls for a fact‑based analysis of the real cost of energy are louder than ever.

Keep Your Pocket Full

Follow the news, stay sharp, and enjoy the ride – because who knows, the next energy review might just bring a comedy festival to the price tags.