Latest Public Sector News

13.11.13

NAO warning about impact of energy prices on consumers

The massive need for new investment in infrastructure mean that energy and water bills may rise significantly, a new National Audit Office (NAO) report states.

Over two-thirds of the £310bn of planned infrastructure will be privately financed and operated, but paid for by consumers via price increases. This is likely to hit households with incomes in the lowest 10% particularly hard, and available projections suggest increases will continue to outstrip inflation, on average, up to 2030.

The NAO stated concerns around the lack of a common approach across sectors to forecasting bills on measuring affordability and calls for the Treasury to publish the expected overall impact on consumer bills and to consider the implications for bills before making policy commitments influencing infrastructure.

Amyas Morse, head of the NAO, said: “Government and regulators do not know the overall impact of planned infrastructure on future consumer utility bills, or whether households, especially those on low incomes, will be able to afford to pay them.

“It seems critical to know ‘how much is too much’, based on reliable information.”

Tell us what you think – have your say below, or email us directly at opinion@publicsectorexecutive.com

Image c www.freeimages.co.uk

Comments

There are no comments. Why not be the first?

Add your comment

 

related

public sector executive tv

more videos >

last word

Prevention: Investing for the future

Prevention: Investing for the future

Rob Whiteman, CEO at the Chartered Institute of Public Finance (CIPFA), discusses the benefits of long-term preventative investment. Rising demand, reducing resource – this has been the r more > more last word articles >

public sector focus

View all News

comment

Peter Kyle MP: It’s time to say thank you this Public Service Day

21/06/2019Peter Kyle MP: It’s time to say thank you this Public Service Day

Taking time to say thank you is one of the hidden pillars of a society. Bei... more >
How community-led initiatives can help save the housing shortage

19/06/2019How community-led initiatives can help save the housing shortage

Tom Chance, director at the National Community Land Trust Network, argues t... more >

interviews

Artificial intelligence: the devil is in the data

17/12/2018Artificial intelligence: the devil is in the data

It’s no secret that the public sector and its service providers need ... more >

the raven's daily blog

Utilising data to best deliver meaningful public services

14/11/2019Utilising data to best deliver meaningful public services

Public Sector Executive’s Matt Roberts explains how living in a modern, interconnected world, as we do, means public sector organisations cannot afford to ignore the rol... more >
read more blog posts from 'the raven' >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this feeling of imminent change than the article James Palmer, mayor of Cambridgeshire and Peterborough, has penned for us on p28. In it, he highlights... read more >