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NPOWER BOSS SAYS ENERGY FIRMS DESERVE TO FACE FINES

Monday December 8th 2014

According to Business Green, ‘Npower chief executive Paul Massara has backed Ofgem’s move to slap fines on companies such as Drax and British Gas that fail to meet energy efficiency targets under the government’s previous Community Energy Saving Programme (CESP) and Carbon Emissions Reduction Target (CERT) schemes.’

Npower met the emissions savings targets and will not face a fine as a result. Because of this, Massara argues that it is right that companies who failed to meet the legally-binding goals should face hefty fines, because meeting the targets came at a considerable costs for the firms that did meet their goals.

He said: “At the beginning of that scheme we started out paying £18 [per tonne of CO2 saved] but this rose to about £25 and then closed at £60.”

“For the people who have chosen not to fulfill their obligations, then it’s appropriate they pay.”

Source: http://www.businessgreen.com/bg/feature/2385285/npower-boss-says-energy-firms-deserve-to-face-fines-for-missing-efficiency-targets