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Teen solves centuries-old math problem
LONDON, June 13 (UPI) -- Increased competition in the British energy sector will encourage smart thinking and cut energy costs, the British energy minister said Monday.
The British government announced that natural gas and electricity suppliers with fewer than 250,000 customers will be exempt from the Carbon Emissions Reduction Target and the Community Energy Saving Program.
CERT is a requirement for domestic energy suppliers to cut harmful emissions by encouraging low-carbon efforts like home insulation. CESP requires energy companies to deliver energy savings to low-income areas.
British Energy Minister Charles Hendry said in a statement that forcing small businesses to take part in CERT and CESP made it difficult for them to compete with major utilities.
"It's vital that we improve energy efficiency without placing disproportionate costs on small suppliers," he said in a statement. "Increased competition can help bring down prices and encourage innovation, benefiting energy consumers."
Both regulations run through the end of 2012.
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