UK Energy Bills Set to Rise as Grid Upgrades Accelerate, Suppliers Warn
Britain’s largest energy suppliers have issued warnings that household bills could surge in coming years due to necessary grid modernization. Executives from Octopus Energy, EDF, and E.On testified before Parliament about the financial implications of infrastructure upgrades.
Energy Executives Warn of Rising Consumer Costs
Executives from some of Britain’s largest energy suppliers have indicated that government-driven investments in the electrical grid could significantly increase consumer bills in the near future, according to reports from a parliamentary hearing held Wednesday. Representatives from Octopus Energy, EDF, and E.On provided testimony alongside Centrica Plc regarding the affordability challenges facing consumers.