£12 bill rise for energy upgrade

17 December 2012 Last updated at 06:49 ET

The energy regulator will permit firms running the UK’s electricity and gas grids to add an average £12 to annual energy bills for the next eight years to pay for upgrades and maintenance.

Ofgem said it had cut £7bn from the total cost of work on UK transmission networks planned by energy firms.

The biggest of these firms by far – National Grid – said it was reviewing the “lengthy and wide ranging” plans.

Meanwhile a lobby group warned 300,000 more homes faced imminent fuel poverty.

Energy prices have risen 7% on average this year, according to the Fuel Poverty Advisory Group, and are set to leave more households paying more than 10% of their income on home heating unless the government takes action.

Tax change

Ofgem’s announcement will enable £24bn in total investment in the energy networks up until 2021.

However, an Ofgem spokesperson told the BBC that over half of the £12 bill increase was not due to physical investment in the network, but was instead because of a change in accounting rules which would mean that energy firms could no longer claim back tax on the cost of replacing parts of the network.

The regulator’s announcement represents a slight increase on the £22bn investment allowance that Ofgem initially proposed in July – adding an average £11 to bills – which was attacked by National Grid for being insufficient.

Continue reading the main story

A household is considered to be in fuel poverty if more than 10% of its income is spent on home heating.

“In analysing the proposals, we find numerous errors and questionable judgements which we cover in detail in our response,” the company had said of the initial plans in an open letter to Ofgem.

Under Ofgem’s revised proposal, the average increase in annual bills between 2013 and 2021 will equal £12, starting close to £8 at the beginning of the period, and rising to £15.10 by the end.

If National Grid chooses to challenge Ofgem’s new decision, it has until March to refer the matter to the Competition Commission.

National Grid and the distribution firms do not charge households directly for the cost of maintaining the grid, but the cost is instead passed through by electricity and gas suppliers.

The total cost of transmission and distribution comprises about 21% of gas bills and 10% of electricity bills.

Underground cables

Ofgem said that the increase in allowances compared with their July proposal was because the regulator had agreed to let gas network firms charge more for the cost of replacing gas mains.

Energy Secretary Ed Davey: “The big drivers on energy bills are wholesale and network costs”

National Grid operates the UK’s national electricity and gas grids, as well as four of the country’s eight regional gas distribution networks.

The electricity network in Scotland is owned by two other firms – Scottish and Southern and SP Energy Networks.

Ofgem had already reached an agreement with the Scottish firms in March over their investment plans, the cost of which will contribute £3.70 of the £12 average bill increase, to be borne equally across all UK households.

The planned investment spending across the UK is split between £15.5bn on electricity transmission and distribution, and £8.7bn on gas.

The investments will, among other things, hook up new wind farms and nuclear power stations to the electricity grid to replace traditional coal-fired power stations, and enable more liquefied natural gas imported from Qatar and elsewhere to be added to the gas network as North Sea gas supplies dwindle.

Other improvements will include the running of new and some existing high voltage cables underground, particularly where they affect areas of outstanding natural beauty, and the construction of a new undersea link connecting Scotland with England and Wales.

The spending on the gas network will also finance spending by the energy firms on raising public awareness about the risk of carbon monoxide poisoning.

BBC News – Business

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Stocks head higher as budget talks progress

NEW YORK (AP) — Stocks are moving higher on Wall Street following signs of progress in the budget talks in Washington.

Indexes opened higher following news that House Speaker John Boehner made an offer to raise taxes on people making more than $ 1 million a year and to extend the government’s borrowing cap.

The gains increased in late morning trading after Boehner went to the White House to meet with President Barack Obama.

The Dow Jones industrial average was up 89 points at 13,224 shortly before noon Monday.

The Standard & Poor’s 500 index rose 13 to 1,426. The Nasdaq rose 27 points to 2,998.

Boehner made the offer Friday following a long standstill in negotiations. Just two weeks remain before tax increases and government spending cuts kick in if no deal is reached.

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S&P 500 rises more than 1 percent

NEW YORK (Reuters) - The S&P 500 rose more than 1 percent on Monday as stocks added to gains after President Barack Obama and Republican House Speaker John Boehner met for talks on averting the "fiscal cliff".

The Dow Jones industrial average <.dji> was up 82.30 points, or 0.63 percent, at 13,217.31. The Standard & Poor's 500 Index <.spx> was up 13.60 points, or 0.96 percent, at 1,427.18, after briefly rising more than 1 percent. The Nasdaq Composite Index <.ixic> was up 30.66 points, or 1.03 percent, at 3,002.00.

(Reporting By Caroline Valetkevitch; Editing by Kenneth Barry)

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49ers withstand comeback, top Patriots 41-34

FOXBOROUGH, Mass. (AP) — LaMichael James awaited the kickoff, determined to regain the momentum for the 49ers after they quickly lost all of a 28-point lead.

"We need a boost," he said. "That's what I was thinking. I was thinking I got to take it to the house."

He didn't get all the way there, but close enough to set up the decisive touchdown — going 62 yards before Colin Kaepernick's 38-yard pass to Michael Crabtree with 6:25 left — that helped San Francisco reach the playoffs with a 41-34 win over the New England Patriots on Sunday night.

"We faced adversity," James said. "Nobody flinched."

Now the 49ers have at least a wild-card berth with a 10-3-1 record, knowing a win against division rival Seattle (9-5) next Sunday clinches the AFC West title.

The Patriots (10-4) already had locked up first place in the AFC East with a chance to improve their chances for a first-round bye. They began the day in second place in the race for the two byes but fell behind the Denver Broncos (11-3). The Houston Texans (12-2) hold the top spot.

"We haven't thought about that yet," Tom Brady said. "What's in our control is winning football games."

Doing that on Sunday night seemed almost impossible after the 49ers rolled to a 31-3 lead on Kaepernick's 27-yard touchdown pass to Crabtree five minutes into the third quarter. Only one team in NFL history had won a regular-season game after trailing by 28 — a 38-35 win by the 49ers over the New Orleans Saints on Dec. 7, 1980.

But with 25 minutes left and Brady at quarterback, the 49ers weren't comfortable.

"Tom is a good quarterback and we knew some adversity was going to come and they were going to make plays sooner or later," linebacker NaVorro Bowman said.

They did — time after time — until they had tied the score at 31 on Danny Woodhead's second touchdown, a 1-yard run with 6:43 remaining.

Woodhead began the comeback with a 6-yard touchdown run, Brady scored on a 1-yard sneak on the first play of the fourth quarter and then threw a 5-yard touchdown pass to Aaron Hernandez less than three minutes later. And when Woodhead scored again, the Patriots had their fourth touchdown in 14 minutes, 16 seconds.

But two plays later — James' kickoff return and Crabtree's catch — the 49ers were back on top. And this time they stayed there.

David Akers made it 41-31 with a 28-yard field goal with 1:56 to go, Stephen Gostkowski kicked a 41-yarder for New England with 38 seconds remaining and San Francisco sealed the win when Delanie Walker caught the onside kick.

"We just spotted them 28 points," Brady said. "We fought hard, but you can't play poorly against a good team and expect to win. We can't miss plays that we have opportunities with."

For Kaepernick, a second-year pro starting just his fifth game, it was a chance to remain calm even as the big lead disappeared. He finished with 14 completions in 25 attempts for 216 yards and a career-high four touchdowns.

"This is my 17th year of football," he said. "I've been playing since I was eight years old. So, to me, I am going to go out there and I'm going to throw to the guy who is open and you try to keep football simple so your mind can be clear when you're on the field."

It was clear enough for him to throw a short pass to Crabtree then watch him race by cornerback Kyle Arrington for the go-ahead touchdown. That gave the team that had allowed the fewest points this season enough to beat the team that had scored the most.

"We can win a shootout," said Crabtree, who had 107 yards receiving. "Whatever it takes, that's our motto. ... We feel like we can do anything, sky's the limit."

New England, which had won seven straight games, lost for the first time at home in December in 21 games. The Patriots also had won 21 in a row in the second half of the schedule before San Francisco somehow regrouped late in a game it seemingly had clinched long before.

The 49ers forced four turnovers, matching the number of giveaways the Patriots had at home all season.

"I don't think they faced a physical defense like us all season," said San Francisco cornerback Carlos Rogers, who intercepted Brady midway through the first quarter and ran 53 yards to the Patriots 5.

The 49ers were leading 7-0 at the time on Kaepernick's 24-yard touchdown pass to former Patriot Randy Moss. Gostkowski's 32-yard field goal made it 7-3, but San Francisco scored on Kaepernick's 34-yard pass to Walker and David Akers' 20-yard field goal for a 17-3 lead at intermission.

"Everything" went wrong in the first half, Patriots wide receiver Wes Welker said. "A lot of bad football."

Frank Gore then recovered Kaepernick's fumble and ran 9 yards for a touchdown. Two plays later, Aldon Smith intercepted Brady's pass and Kaepernick struck on the next play with his 27-yard pass to Crabtree for a 31-3 lead with 10:21 remaining in the third quarter.

Still plenty of time for Brady.

"I had a feeling we'd be able to come back," he said.

But when the Patriots tied it, a poor job by the kickoff team proved costly.

"I did as much as I could to help the team win," James said.

It was just enough.

NOTES: The 49ers allowed 520 yards after entering the game second in the NFL in fewest yards allowed, 275.5 per game. ... Welker had five catches, giving him 100 and making him the first player in NFL history with that many in five seasons. ... Gore led all rushers with 83 yards on 21 carries. ... Brady was 36 for a career-high 65 for 443 yards, one touchdown and two interceptions.

___

Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL

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U.S. must honor victims with action

President Obama addresses Newtown

President Obama addresses Newtown

President Obama addresses Newtown

President Obama addresses Newtown

President Obama addresses Newtown

President Obama addresses Newtown

President Obama addresses Newtown

President Obama addresses Newtown

President Obama addresses Newtown

President Obama addresses Newtown

President Obama addresses Newtown

President Obama addresses Newtown

President Obama addresses Newtown

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STORY HIGHLIGHTS

• David Gergen says we should take a cue from Lincoln's Gettysburg Address


• He says U.S. must deal with its culture of guns and find real solutions


• Gun owners should be licensed, and assault weapons should be banned, he says


• He says we will be held morally accountable for what we do -- or fail to do

Editor's note: David Gergen is a senior political analyst for CNN and has been an adviser to four presidents. A graduate of Harvard Law School, he is a professor of public service and director of the Center for Public Leadership at Harvard University's Kennedy School of Government. Follow him on Twitter.

(CNN) -- Yet again we are struggling to bear the unbearable. How can we find meaning in the massacre of so many innocent children, savagely cut down in a hail of bullets?

Abraham Lincoln is much on our minds these days and, fortunately, there is much his life teaches us about giving meaning to human horror. Eleven months from now, we will be celebrating the 150th anniversary of his journey to Gettysburg, Pennsylvania, where he consecrated a national cemetery in honor of the thousands slaughtered in the Civil War battle there.

In the most eloquent address in American history, Lincoln told us, "The world will little note, nor long remember what we say here, but it can never forget what they did here. It is for us the living, rather, to be dedicated here to (their) great unfinished work." In their honor, he concluded, "we here highly resolve that these dead shall not have died in vain -- that this nation, under God, shall have a new birth of freedom."

David Gergen

These were not idle words; he devoted himself to action. In the final months of his life, as the new film on Lincoln shows, he threw himself into the enactment of the 13th Amendment, outlawing slavery in the entire nation. After his death, the nation continued to act as he had asked, passing the 14th Amendment and quickening its progress toward realizing the dream of the Declaration: that all are created equal.

The shootings in Connecticut are not Gettysburg, but surely the long, unending string of killings that we have endured must do more than touch our hearts. As Lincoln saw, we must find meaning in the madness of life -- and we do that by honoring the dead through action.

The moment to act is now upon us, not to be lost as we rush headlong into the holiday season and more twists and turns ahead. We are better than that.

There is a common thread running through most of the mass killings we have seen in recent years: A deranged gunman gets his hands on a gun, usually a semi-automatic, and rapidly cuts down innocents before anyone can stop him.

Clearly, we must find better answers for the mentally unstable. We have the ability to recognize the characteristics of those more likely to commit such acts of violence, and we must do more to provide long-term treatment.

But just as clearly, we need to change our culture of guns. There is something terribly wrong in a nation that has some 300 million guns floating around, easily accessible to the mentally ill. Of the 62 mass shootings in the U.S. over the past three decades, more than three-quarters of the guns used were obtained legally.

Unless we act to change our laws as well as our culture, we will all be enablers when the next loner strikes. The blood will be on our hands, too.

Experts can come up with precise policy prescriptions that will allow us to maintain the constitutional freedoms of the 2nd Amendment while also changing our gun culture. Contrary to what the National Rifle Association says, it is very possible to do both. What is needed immediately is a conversation determining what principles we want to establish -- and then action to realize them. From my perspective, there should be at least three basic principles:

FIRST: To own a gun, you must first have a license -- and it shouldn't be easy to get. The right parallel is to cars: Everyone over a prescribed age is entitled to drive. But cars are dangerous, so we first require a license -- determining that you are fit to drive. Citizens have a right to bear arms, but guns are dangerous, too. So, get a license.

There are a number of issues with our current system of state-based permits. First, variation in gun regulations from state to state deeply complicates enforcement efforts. Arizona, for instance, allows concealed carry without any permit, while its neighbor California has implemented the strongest gun laws in the country. We must design a sensible federal gun control policy to address the current legal chaos.

As we construct a federal licensing system, we should look to California. The state requires all gun sales to be processed through a licensed dealer, mandating background checks and a ten-day waiting period; bans most assault weapons and all large-capacity magazines; closes the nonsensical gun-show loophole; and maintains a permanent record of all sales.

SECOND: If you are a civilian, you can't buy an assault gun. Hunters don't need military style weapons, nor do homeowners who want to be able to protect their families. They are far too popular among people who shouldn't have access to guns in the first place.

We should restore the federal ban that has expired.

THIRD: Parents should be heavily advised to keep guns out of their houses and out of the hands of kids. No one wants to blame the poor mother of the Connecticut shooter, but everyone wonders why she kept so many military-style guns in the house, so accessible to her son. It's hard to believe, but roughly a third of households with children younger than 18 contain at least one gun. In too many neighborhoods in America -- not just in big cities -- parents who don't allow guns in their homes are apprehensive, even frightened, by their kids playing at homes where they are kept.

Some years ago, no one thought that we could change our tobacco culture. We did. No one thought that we could reduce drunk driving by teenagers. We did -- thanks in large part to Mothers Against Drunk Driving.

Years from now, no one will note what we say after this latest massacre. But they will hold us morally accountable for what we do. To honor all of those who have been slain in recent years -- starting with the first-graders in Connecticut -- we should highly resolve to change our culture of guns.

Follow @CNNOpinion on Twitter.

Join us at Facebook/CNNOpinion.

The opinions expressed in this commentary are solely those of David Gergen.

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Beck looks for new connection with ‘Song Reader’

NASHVILLE, Tenn. (AP) — Beck Hansen wants you to think about the way music has changed over the last century and what that means about how human beings engage each other these days.

Laboring over the intricate and ornate details of his new “Song Reader” sheet music project, he was struck by how social music used to be — something we’ve lost in the age of ear buds.

“You watch an old film and see how people would dance together in the ’20s, ’30s and ’40s. You’d go out and people would switch partners and it was a way of social interaction,” Hansen said. “It’s something that was part of what brought people together. Playing music in the home is another aspect of that that’s been lost. Again, I’m not on a campaign to get people to take up songs and play music in their home or anything. But it is interesting to me, the loss of that, what it means.”

Beck hopes the “Song Reader” inspires some of us to pick up instruments and limber our vocal cords. It includes 20 songs annotated on sheet music that’s been decorated in the style popular in the early 20th century when the songwriting industry was a thriving enterprise with billions of songs sold.

The 42-year-old singer notes in the book’s preface that Bing Crosby’s “Sweet Leilani” sold an estimated 54 million copies in 1937, meaning about 40 percent or more of the U.S. population was engaged in learning how to play that song. They were touching it directly, speeding it up, slowing it down, changing the lyrics and creating something new.

“There’s popular bands now that people know the words to their songs and can sing along, but there’s something about playing a song for yourself or for your friends and family that allows you to inhabit the song and by some sort of osmosis it becomes part of who you are in a way,” he said. “So when I think of my great-grandparents’ generations, music defined their lives in a different way than it does now.”

Beck proposed the idea to McSweeney’s Dave Eggers in 2004 and it soon blossomed into something more ambitious as the artist wrapped his mind around the challenge of not just writing a song, but presenting it in a classic way that also engages fans who might not be able to read music or play their own instruments.

They quickly agreed it would make no money, but it seemed like an idea worth exploring.

“And it seemed like only Beck would have thought of it,” Eggers said in an email to the Associated Press. “It’s a very generous project, in that he wrote a bunch of songs and just gives them to the world to interpret. That’s a very expansive kind of generosity and inclusiveness that we’re happy to be part of. On a formal level, we love projects like this, that are unprecedented, and that result in a beautiful object full of great art and great writing. And it all started with Beck. It’s a testament to his groundbreaking approach to everything he does.”

Beck hopes fans will record their own versions and upload them to the Internet so those songs grow into something more universal.

As for his own recorded music, that’s a little more complicated.

Beck’s not sure where he’s headed at the moment. He recorded an album in 2008, but set it aside to work with Charlotte Gainsbourg on “IRM,” which he wrote and produced. He’s also been writing songs for soundtracks and special projects and producing artists like Thurston Moore, Stephen Malkmus and Dwight Yoakam. All that has left him feeling creatively satisfied, but he does acknowledge it’s been a while since he released 2008′s Danger Mouse-produced “Modern Guilt.”

He says in many ways he’s reached a crossroads he’s not yet sure how to navigate.

“This last year I’ve been thinking about whether I’d finish those songs (from 2008), whether they’re relevant or worthy of releasing. I know that doesn’t sound very definitive,” he said, laughing, “but that’s the kind of place I’m in — in this kind of limbo — and, um, yeah.”

The “Song Reader” spurred Beck to think about his own work in a new light as well. Spending six months finishing off the project after working on it sporadically over the years, he was struck by how much craft went into the creation of each song and how quickly music can come into existence today.

“There is so much music out there, to me,” he said. “I don’t know if it’s just where I am in my own music making or if it’s a product of the amount of music out there, but I feel like a piece of music does have to have a certain validity to be put out there and to ask people to listen. … I feel like it’s impossible for everyone to keep up, you know, so I guess I’ve been feeling like maybe there’s something to picking what you’re going to put out, about being more particular about what you put out.”

___

Online:

http://beck.com

___

Follow AP Music Writer Chris Talbott: http://twitter.com/Chris_Talbott.

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iPhone 5 hits China, as Apple market share slips

SHANGHAI (Reuters) - The China release of its iPhone 5 on Friday should win Apple Inc some respite from a recent slide in its share of what is likely already the world's biggest smartphone market, but its longer-term hopes may depend on new technology being tested by China's top telecoms carrier.

Cupertino, California-based Apple has been in talks about a tie-up with China Mobile for four years. A deal with China's biggest carrier is seen as crucial to improve Apple's distribution in a market of 290 million users - which is forecast to double this year.

China is Apple's second-largest and fastest-growing market - it brings in around 15 percent of total revenue - but the company's failure to strike a deal with China Mobile means it is missing out on a large number of phone users. As the China pie grows, Apple's sales increase, but without China Mobile, it's losing ground at a faster rate compared to other brands.

"In absolute terms, this (iPhone 5) launch will certainly result in strong sales for Apple in China. However, in relative terms, I don't believe it will move the needle enough in market share," said Shiv Putcha, a Mumbai-based analyst at Ovum, a global technology consultant.

On Friday, just one person was waiting outside the Apple store in Shanghai's financial district when its doors opened at 9 a.m., a contrast to the launch of the iPhone 4 earlier this year when rowdy crowds pelted a Beijing store with eggs.

China Mobile and Apple initially said they were separated only by a technical issue - as the Chinese carrier runs a different 3G network from most of the world - but that has evolved into a broader and more complex issue of revenue-sharing.

"China Mobile and Apple still have to solve many issues, such as the business model, articles of cooperation and revenue division, but I believe we will reach an agreement eventually," China Mobile CEO Li Yue was reported by Chinese media as saying in Guangzhou last week.

Apple China declined to comment. China Mobile said it had no update to the Apple discussions.

STRONG PRE-ORDERS

Apple's ranking in China's smartphone market slipped to sixth in July-September, according to research firm IDC, but investors, primed to look to China product launches for an uptick in Apple's quarterly sales, have good headline numbers to digest - more than 300,000 iPhones pre-ordered on one carrier alone. But it's the lack of a deal with the No.1 carrier that prevents those numbers being stronger.

The iPhone is currently sold through Apple's seven stores, resellers and through China Unicom and China Telecom - which together have fewer than half the mobile subscribers of bigger rival China Mobile.

"Apple's market share declined because of the transition between the iPhone 4S and 5. Their market share will recover (with the iPhone 5), but if you don't have China Mobile, the significant market share gains will be very difficult," said Huang Leping, an analyst at Nomura in Hong Kong.

TD-LTE: STILL DISTANT

Cutting a deal with a Chinese state-owned carrier may be less optimal than the deals Apple is used to in other markets, and analysts note that China Mobile wouldn't necessarily open the flood gates for Apple.

Ovum's Putcha believes Apple and China Mobile will eventually strike a deal - though this would be for an iPhone running on China Mobile's next-generation network rather than its current 3G network.

Of China Mobile's 704 million subscribers, only 79 million are on its 3G network, and Apple has been reluctant to sign up to China Mobile's under-utilized, homegrown TD-SCDMA technology. "Apple likely doesn't see the return-on-investment in extending themselves for TD-SCDMA," Putcha said.

China Mobile is currently trialing its next-generation network, TD-LTE, which could be of more interest to Apple, but full-scale commercial use - and an iPhone tie-up - could still be years away.

ANDROID THREAT

Meanwhile, rivals are circling, eating away at Apple's smartphone market share. Samsung Electronics, Lenovo Group and little-known Chinese brand Coolpad held the top three slots in the third quarter, according to IDC.

All three have relationships with China Mobile and offer smartphone models at different price points. Apple competes exclusively at the high-end, and even there, rivals are rolling out models with China Mobile. Last week, Nokia said it planned to release its latest Lumia smartphone with China's top carrier, which is also expected to launch Research in Motion's new Blackberry 10, analysts predict.

"The threat will still come more from the Android camp where they have many vendors already working with China Mobile and offering high-end phones," said TZ Wong, a Singapore-based IDC analyst.

While these smartphones don't generate the buzz of a new iPhone, Chinese buyers are not known for their brand loyalty, and this could siphon away users considering an Apple upgrade.

"I've used a Blackberry, Android and iOS and, personally, I want to try the Windows 8," said Andy Huang, a 37-year-old fund manager, who owns most iPad models, an iPhone 4 and a 4S. "I think the Windows 8 is very innovative."

With a China Mobile deal looking some way off, Apple could always boost market share by offering cheaper models - the basic iPhone 5 will cost 5,288 yuan ($850) without a contract - though this appears an unlikely route for a high-end brand.

"If they want to expand market share, probably the only way to do it here dramatically would be to put out a lower cost phone," said Michael Clendenin, managing director at RedTech Advisors. "It's really uncertain if they'd decide to go that route ... Apple's a mystery in that regard."

(Additional reporting by the Shanghai Newsroom, Jane Lee and Anita Li; Editing by Kazunori Takada and Ian Geoghegan)

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