Rolling coverage of the latest economic and financial news Smaller business will see an increase in network charges under Ofgem’s plans. The regulator says that by 2031, indicative network charge increases range from around £60 a year for a small holiday let or retail kiosk to £1,700 for small offices or hotels and £9,760 for a medium factory. “This funding outcome confirms the critical role that the gas transmission system plays in Britain’s energy security now and for decades to come. For just 3p per day, less than 0.5% of the average consumer dual-fuel bill, Britain’s national gas transmission system continues to deliver excellent value for money for consumers – keeping our lights on, industries powered and homes warm. “Over the past few months, our teams have worked extensively and constructively with Ofgem to provide additional evidence on the case for further investment in Britain’s national gas network to safeguard our country’s energy security and deliver benefits for consumers. Continue reading...