Posted 2/4/2024, 3:53:06 PM
Millions Face Uncapped Energy Bills as Heat Networks Go Unregulated
- Over 5 million UK households could see major energy bill hikes due to expansion of heat networks
- Heat networks supply heat from a central source, but prices aren't capped like conventional energy
- Without price caps, heat network bills could fluctuate substantially during energy crises
- Current price ceiling for heat networks expires March 31, sparking fears of new price surges
- Government plans to regulate heat networks under Ofgem, but not until 2025
