Electricity bills to increase

Dec 7 2009 By nebusiness

Electricity bills will rise by an extra £4.30 a year on average to pay for upgrades to regional distribution networks, energy regulator Ofgem said today.

The watchdog’s final decision for the 2010-2015 period will see £7.2bn invested in the UK’s electricity infrastructure.

The settlement is more generous to electricity firms than the £3.76 before inflation rise initially announced in August, although companies pushed for even bigger increases.