Why the UK’s electricity costs are so high – and what can be done about it
From nationalising gas plants to boosting renewables, how soaring prices could be tackledOne of Labour’s key election promises was to cut energy bills by £300 a year by 2030 while making Britain a “clean energy superpower”.The job is already halfway complete: renewable energy made up more than half the UK’s electricity for the first time last year. So why does Britain continue to have one of the most expensive electricity markets in the world? Industrial users complain those costs are driving companies out of business and discouraging investment in the UK. Continue reading...
From nationalising gas plants to boosting renewables, how soaring prices could be tackled
One of Labour’s key election promises was to cut energy bills by £300 a year by 2030 while making Britain a “clean energy superpower”.
The job is already halfway complete: renewable energy made up more than half the UK’s electricity for the first time last year. So why does Britain continue to have one of the most expensive electricity markets in the world? Industrial users complain those costs are driving companies out of business and discouraging investment in the UK. Continue reading...
