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Households in Great Britain struggling with soaring energy bills are to benefit after National Grid agreed to bring forward a £200m payment to customers generated from its electricity cables to Europe.
Under an agreement with the watchdog Ofgem the energy network operator must pay back revenues made from subsea cables – which connect the electricity systems of neighbouring countries – over a five-year period above a cap.
Now National Grid will return the funds gained from two undersea cables four years early – and from another a year early – in order to “reduce consumer bills” for customers.

Separately, lawyers are trying to recoup hundreds of millions of pounds for energy customers who lost out because of the dealings of several cable sellers.
They have filed a collective action hoping to prove that households overpaid for their energy. In 2014 the European Commission found that several companies which sold high voltage and underwater electricity cables between 1999 and 2009 had been running a nearly worldwide cartel. It meant energy companies in Britain overpaid for their cables and the costs were ultimately passed on to customers.
The case will be taken to the competition appeal tribunal. Anyone who has been a bill-payer in Britain since 2001 is eligible to be included in the suit, which is being run by lawyers from Scott + Scott.

AE-NMidlands wrote: ↑Wed May 11, 2022 8:47 pm https://www.theguardian.com/business/20 ... ergy-users

Households in Great Britain struggling with soaring energy bills are to benefit after National Grid agreed to bring forward a £200m payment to customers generated from its electricity cables to Europe.
Under an agreement with the watchdog Ofgem the energy network operator must pay back revenues made from subsea cables – which connect the electricity systems of neighbouring countries – over a five-year period above a cap.
Now National Grid will return the funds gained from two undersea cables four years early – and from another a year early – in order to “reduce consumer bills” for customers.

and at the end:

Separately, lawyers are trying to recoup hundreds of millions of pounds for energy customers who lost out because of the dealings of several cable sellers.
They have filed a collective action hoping to prove that households overpaid for their energy. In 2014 the European Commission found that several companies which sold high voltage and underwater electricity cables between 1999 and 2009 had been running a nearly worldwide cartel. It meant energy companies in Britain overpaid for their cables and the costs were ultimately passed on to customers.
The case will be taken to the competition appeal tribunal. Anyone who has been a bill-payer in Britain since 2001 is eligible to be included in the suit, which is being run by lawyers from Scott + Scott.