Littlechild hails electricity move
Tuesday 15 September 1998
THE ELECTRICITY regulator, Professor Stephen Littlechild, yesterday hailed the opening of the domestic market to competition as an instant success, saying that more than a million households had signed up to switch supplier. He was speaking as the launch of competition began with 750,000 customers, initially in Norwich, Chester, Motherwell and Hull, free to shop around.
Savings for those who switch are expected to average around pounds 20 on the typical household bill of pounds 254. Professor Littlechild said the experiment would be justified even if no more than 5 per cent of the market changed supplier.
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