Ofgem rejects business plans

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Five of the six companies that own and operate Britain's local electricity network have been told they must do more to cut costs for consumers.

Energy regulator Ofgem has rejected their business plans for the period between April 2015 and March 2023, with Western Power Distribution, which serves customers in south Wales, the Midlands and the south west of England, the only company to have its price controls agreed early.