British gas, edf, eon, octopus rule change could save electricity customers £400

MAKE UK HAS URGED THE LABOUR PARTY GOVERNMENT TO MAKE CHANGES BECAUSE PRICES THREATEN TO DERAIL INDUSTRIAL STRATEGY. 06:49, 02 Jun 2025Updated 06:49, 02 Jun 2025 High electricity bill taxes

are holding UK households back, according to industry groups. Make UK has urged the Labour Party government to make changes because prices threaten to derail industrial strategy. Energy UK

has called for charges to be ‘rebalanced’. The trade organisation has called on the government to cut industrial energy costs as part of Labour’s long-awaited industrial strategy, which is

due later this month, by reforming “the complex and unfair policy levies that make low-carbon energy more expensive than fossil fuels”. The energy sector trade body, which represents energy

suppliers, has proposed “rebalancing” the charges currently levied on electricity bills on to gas bills, saving homes using electric heating £400 a year. READ MORE SMART MOTORWAYS COULD BE

SCRAPPED FROM ENGLAND ENTIRELY The move comes as energy costs will fall for millions of British households this summer after the industry watchdog cut the price cap for a typical annual

dual-fuel bill by 7% to £1,720. Article continues below The energy regulator for Great Britain, Ofgem, said the cap on gas and electricity charges would fall from July by the equivalent of

£129 a year for the average home after a sharp slump in Europe’s gas market prices. Stephen Phipson, Make UK’s chief executive, said: “If we do not address the issue of high industrial

energy costs in the UK as a priority, we risk the security of our country. We will fail to attract investment in the manufacturing sector and will rapidly enter a phase of renewed

de-industrialisation.” “UK manufacturers have faced energy prices far above those of European competitors for many years, undermining their ability to invest, grow, and compete globally,”

Phipson said. Article continues below A government spokesperson said: “Through our clean power mission, we will get off the rollercoaster of fossil fuel markets – protecting business and

household finances with clean, homegrown energy that we control.” after newsletter promotion “We are also looking at a range of options for longer-term energy market reform, including the

rebalancing of gas and electricity prices, with the impact on consumers at the heart of our approach,” the spokesperson added.