Market problems push up bills

Inefficiencies in the energy market could mean customers lose out on up to £1.9bn in savings by 2020, the Institute for public policy research (IPPR) warned today. The report argues tougher regulations are needed to improve competition and ensure pricing is fair for consumers. Annual savings of just 2.5 per cent could leave consumers almost £2bn better off, more than offsetting the cost of new green policies, it claims.