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28/11/14: North West energy bills to be cut

North West residents’ power bills could be cut by almost £20 following a reduction in prices by regional network operator, Electricity North West. Business Plan Infographic

Electricity North West, the company that owns the region’s network of overhead lines and underground cables, has had its proposals endorsed by the regulator today.

Steve Johnson, Electricity North West’s chief executive, said: “Currently almost £120 from each household electricity bill across the North West comes to us to invest in the local network.

“From April next year, we’re cutting our part of people’s bills to just over £100, meaning that customers will pay just 28p a day to us to transport power through our vast network of wires and infrastructure. I’m delighted that today our plans have been recognised as industry-leading.”

The North West price cut is the biggest of any region in Great Britain, and Ofgem, the regulator for the electricity industry, singled out Electricity North West as the most efficient of the 14 network operators.
CEO Steve Johnson“We already operate one of the most reliable networks in the country, and now we’ve been shown to be the most efficient too,” added Steve. “This is great news for the region and great news for bill payers.”

Industry regulator Ofgem announced its plans for the network operators on Friday 28 November. There is a huge amount of data for Electricity North West to now review and will be considering this information carefully.

To see Electricity North West’s plan, go to www.enwl.co.uk/businessplan.



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