BRIEFING REPORT TO THE SECRETARY OF STATE FOR ENERGY AND CLIMATE Coursework - 2

BRIEFING REPORT TO THE deposit OF STATE FOR ENERGY AND CLIMATE CHANGE ON FACTORS TO CONSIDER IN THE PREPARATION OF A new(a) ENERGY BILL FOR THE UK - Coursework ExampleThe only problem is that, this perspective of price reduction fails to reach the ingrained end that is expected by most people 1. After the substantial falling of the wholesale botch up prices in the course of the year 2014 as well as the oil prices in the time general anatomy of just 6 months, they logically desired for a bigger drop with regards to their energy prices. When various suppliers as yet announced of the subsequent price cuts, all of them were almost at the single digit reductions.The news report prices a lot take time to fall to more appropriate prices due to various outstanding reasons. First and for most, the innate(p) botch ups cost does not essentially have any link to the oil prices. The other(a) factor is that, the blow outs wholesale price is part and parcel of the bills segment. For ins tance, the gas that most individuals are using up-to-date was probably not bought at the current wholesale prices. This is to misbegot that constant variations tend to occur when it comes to this matter of energy bills.The secretary of state should also bear in mind that there are various undertakings or make ups when it comes to the aspect of energy bills (either electricity or gas bills). According to the British Gas, Around 42% of an individuals bill is determined by the energys wholesale prices 3. This is the entire gas and electricity cost that is mutually bought by the British Gas on wholesale unit. It is also worth to bear that while gas prices falls by almost a third of the total value, electricity has rarely fallen.The next chunk of the gas bill that is approximated to be at around 27% encompasses the total network costs. They are the wires and pipes that bring the electricity and gas home. They are usually owned by a number of distribution companies including the National Grid, which often snap people a substantial amount for their usage. The charged fee is usually overseen by a ashes known as Ofgem, which is taken as the ultimate regulatory unit, and has