Reeves vows to cut link between gas and electricity prices in UK

Chancellor says she will look at ways of ensuring the wholesale price of electricity is set more often by renewables

Reeves looking to break link between gas cost and electricity prices

Chancellor wants to reduce impact of gas on market prices, as it almost always sets price of electricity in UK The chancellor, Rachel Reeves, has said she and Ed Miliband, the energy secretary, are looking at ways to break the link between the cost of electricity and gas prices. Gas almost always sets the price of electricity under the marginal cost pricing model the UK uses. Continue reading...

By PA Media

Reeves vows to break link between cost of gas and electricity prices in boost for UK households

“When gas prices are high, we end up paying more for our electricity, even though the cost of producing it doesn’t change,” the Chancellor said

By Helen Corbett and Nicholas Lester