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EU Budget - historic reduction agreed
UK economy - GDP falls by 0.3%
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Poverty - recession and relative poverty
Welfare reform - the end of universal benefits
Underemployment - over 3 million
CPI inflation - at 2.7%
Autumn statement - austerity to continue
Energy prices - set to rise
Libor - rate fixing scandal
Greek exit - a little nearer
Competition policy - new regulator planned
Fiscal union - rejected by UK
Europe - a Tobin tax?
Credit ratings - US credit rating
Greek bailout - Euro problems
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Energy supply

Background

The supply of electricity in the UK has three main components:

  1. Generation by power stations

  2. Electricity transmission via a grid

  3. Distribution via regional networks

Since privatisation in 1991 the Transmission Network Owners (TNOs) are The National Grid in England and Scottish Power in Scotland. The distribution operators include: EDF Energy, CE Electrics, Central Networks and United Utilities.

The energy regulator is OFGEM.

 


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