EMBARGOED: Power panel favours scrapping low-fixed charges, prompt-payment discounts

Tue, 19 Feb 2019

By Gavin Evans Feb. 20 (BusinessDesk) - An independent panel reviewing electricity prices favours scrapping the government’s low-user fixed charge regime, banning the use of prompt-payment discounts, and requiring greater disclosure of the profit split between the retail and generation arms of the major power companies. But the group, which includes both consumer and industry representatives, has stopped short of seeking caps on retail prices. Nor does it favour requiring the separation of generation and retailing activities, the forced a...

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