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Bills to rise to pay for energy upgrade

Energy bills are set to rise by an average of £12 a year to pay for a £24bn upgrade of Britain's gas and electricity networks, the regulator Ofgem has announced.

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CBI says Energy Bill is a 'strong signal' to investors

John Cridland, CBI Director-General, supports the energy bill, but warned that vulnerable consumers should be protected. Credit: PA

The CBI welcomed the Government's energy plans, but warned that vulnerable consumers should be protected from price hikes.

Its Director-General, John Cridland, said: “This package will send a strong signal to investors that the Government is serious about providing firms with the certainty they need to invest in affordable secure low-carbon energy.

“We now have political agreement on this critical issue and the Government should get the bill on the statute books as quickly as possible.

“As more details emerge, the Government should ensure that those households and businesses most vulnerable to increased energy prices are protected.”

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