UK Government Plans to Decouple Electricity and Gas Prices
The UK government is proposing to decouple electricity and gas prices in an effort to lower consumer energy bills. This plan aims to address the current system where electricity prices are often linked to the more volatile gas market, and its potential impact is being debated.
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Miliband’s ‘break the link’ plan is not a magic formula for lowering energy bills
The government plan to de-link gas and electricity prices will have a modest effect – more promising are plans on EVs and heat pumps It’s a holy grail of UK energy policy – de-linking gas and electricity prices. After all, we’ve been told endlessly that one reason why our energy bills are so high is because “gas sets the price of electricity”. And here it comes: “decisive action” from the government to “break the link”. So, tell us, by how much can we expect bills to fall? Energy secretary Ed...
By Nils Pratley
Read full article →UK to decouple electricity and gas prices to lower consumer bills
Britain set out plans to weaken the link between the cost of electricity and volatile gas prices on Tuesday, saying it would seek to force older wind and solar generators onto fixed contracts in a bid to bring down consumer bills. Britain has some of the highest electricity prices in the world due to the […]
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