Energy firms hit back at Ofgem plans to cut bills

Energy companies have criticised proposals by the industry's regulator to cut customers' bills and spend more on green investments.

Under Ofgem's plans, households could see their bills cut by £20 a year while firms spend £25bn over five years to invest in the UK's energy network.

Ofgem said it wanted "a greener, fairer energy system for consumers".

However, National Grid, SSE and Scottish Power all said that the regulator's plans were flawed.

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