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24/9/10 - News update from Eddie Proffitt
1. Ofgem’s Monitoring of suppliers' social programmes 2009-10
In the 2008 Budget, the Chancellor announced an increase in suppliers’ collective expenditure on their voluntary social programmes.
Ofgem reports, on their web site, on the range of measures suppliers’ undertook to assist their vulnerable and fuel poor customers in the second year of the voluntary commitment (April 2009 - March 2010).
The key findings of the report are:
Suppliers' collective expenditure for 2009-10 was £153m (£3.18 per customer account) - exceeding Government’s target by £28m
£128m, 84% of total expenditure, was contributed through social and discounted tariffs and rebates
At the end of March 2010, almost 1.6m customer accounts were benefiting from social and discounted tariffs and rebates, compared to 1.3m at the end of March 2009
Suppliers also contributed £12.5m on trust funds and £12m of other assistance.
2. World's largest windfarm opens at Thanet – 23 September 2010
Chris Huhne attended the opening today of the world’s largest offshore wind farm. Thanet Offshore Wind Farm, off the Kent coast, has 100 turbines and will generate electricity equivalent to the annual consumption of over 200,000 British households.