The Company File Electricity bills to fall Electricity bills in England, Scotland and Wales look set to fall by an average of about 15 next year, with further reductions each year until 2005. If confirmed when the proposals are finalised in November, the price cuts will come into force in April. They offer benefits and opportunities for customers, companies and investors.
Gas prices are also under review.
However, a large cut in distribution prices will still lead to a significant cut in bills. Ofgem says today's proposals include stronger incentives on companies to maintain and improve the quality of supply, and add further incentives to encourage energy efficiency and meet customers' needs. Leave to appeal If Britain's 14 electricity companies are not happy with the changes they can appeal to the Competition Commission. The BBC is not responsible for the content of external internet sites.