How are water, energy and broadband prices calculated? How do these different utilities operate? How are they regulated? And what does this mean for everyday consumers?
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Utility prices: How are they calculated?
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Utility prices: How are they calculated?
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On 18 March 2019 we spoke to Ed Potton, Suzanna Hinson, and Georgina Hutton – all policy specialists from the House of Commons Library.
To go straight to the answers that interest you the most, skip to:
Water
- Why do consumers have no choice in their water supplier? (1:25)
- How does the structure of the water industry affect prices – do different regions have different prices? (2:20)
- What does regulation of water suppliers involve? (3:10)
- How has political pressure affected water companies? (4:41)
- What can we expect to see in the long term in terms of regulation and pricing? (6:10)
Energy
- How does the energy sector differ from water? (7:09)
- How did the energy sector operate in the past – and how has it changed over time? (7:42)
- What has changed recently? (8:28)
- What did the Competition and Markets Authority find in its review of the energy market? (9:04)
- Where did the idea of an energy price cap come from? (9:48)
- What has been the reaction to the introduction of the price cap? (10:46)
Broadband
- How does broadband compare to the other two utilities? (11:57)
- Is there any regulation of broadband companies? (12:36)
- How does regulation of access to BT’s network affect the market? (13:02)
- In which parts of the UK do BT not run the telephone network? (13:57)
- How does this industry structure affect consumers? (14:32)
- How much consumer confusion is there about the broadband market? (15:02)
- Is Ofcom taking any action on pricing? (16:02)
Please note: After this episode was recorded, the National Audit Office published a report on the protection of consumers in these markets:
- Regulating to protect consumers: Utilities, communications and financial services markets (20 March 2019)
Further reading
To dig deeper into the issues discussed in this episode, you might find the following Commons Library briefings useful:
- Future of the water industry in England and Wales
- Energy bills and the price cap
- Full-fibre networks in the UK
- BT and Openreach