Electricity ready for switch to free market
Sunday 15 December 1996
Despite the universal commitment to meet the target, there are still marked differences in companies' preparedness for full-blown competition.
Some regional electricity companies argue that the complexities of opening the market and potential pitfalls for consumers will undermine the project's effectiveness.
Professor Littlechild has made it clear he is determined to force markets open in what he regards as a landmark objective of improved competition in the post-privatisation climate.
From 1 April 1998 the country's 22 million domestic electricity consumers will be able to shop around for electricity from whichever supplier they choose.
The trial introduction of competition in the domestic gas market has brought price reductions of up to 20 per cent for consumers. The saving is expected to be less for electricity customers. Professor Littlechildis monitoring the gas experiments closely. He is acutely aware of the problems that can arise, notably through mis-selling, technology and "cherry picking" of more affluent and profitable customers.
- 1 Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
- 2 Nick Kyrgios calls former Olympian Dawn Fraser a 'blatant racist' after she tells Wimbledon star to 'go back where their parents came from'
- 3 Chris Moyles reportedly set to make radio comeback with new breakfast show on XFM
- 4 The Greece debt crisis explained in less than 100 words
- 5 Cristiano Ronaldo storms out of interview after being asked about possible sale of Manchester United target Sergio Ramos
Florida man sentenced to two-and-a-half years for having sex on the beach in front of a child
Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
Eiji Tsuburaya: Godzilla co-creator honoured in today's interactive Google Doodle
Bakery sends 'horrific' version of Frozen-themed birthday cake to unsuspecting customer
Florida teacher sentenced to 22 years in prison for sexually abusing three pupils
More Britons believe that multiculturalism makes the country worse - not better, says poll
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts
iJobs Money & Business
£40000 - £95000 per annum: Recruitment Genius: This is an exciting opportunity...
competitive: SThree: Are you passionate about sales?Do you have a keen interes...
£17000 - £30000 per annum: Recruitment Genius: This is an exciting opportunity...
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...