Use power windfall to help poorer families, firms urged
Monday 09 May 1994
A group of more than 30 consumer organisations and charities says the companies will make a profit of about pounds 40m after tax as a result of advance payments of more than pounds 1bn by customers aiming to beat the introduction of VAT.
They say the money should be used to help low-income families that spend more than 10 per cent of their income on fuel bills.
VAT on domestic fuel was imposed at 8 per cent from April and goes up to 17.5 per cent next year.
Some regional electricity companies and British Gas said the cost of coping with thousands of customers paying bills in advance - some for several years ahead - largely offset any advantage to them.
One company, Midlands Electricity, has already contributed pounds 500,000 to Neighbourhood Energy Action, and Scottish Power will use a similar amount to help the less well off.
- 1 A daily walk 'can add seven years to your life'
- 2 Rules on 5p plastic bags likely to lead to arguments at the check-out
- 3 Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
- 4 News agency criticised for describing Amal Clooney as 'actor's wife' in coverage of human rights trial
- 5 If men are so obsessed by their genitals, why do they clam up when confronted with the grisly realities of sex?
Rules on 5p plastic bags likely to lead to arguments at the check-out
The nine most warmongering countries in the world revealed
Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
VMAs 2015: Kanye West runs for president, Nicki Minaj calls out Miley Cyrus and the list of winners in full
News agency criticised for describing Amal Clooney as 'actor's wife' in coverage of human rights trial
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
iJobs Money & Business
£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...
£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...
£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...
£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...