The way the cost of renewable electricity is determined in the UK’s energy market is “bonkers”, Octopus Group Founder and Chief Executive Officer has suggested. Greg Jackson said: “The UK has an outdated way of running its electricity market, which is why renewable electricity is costing more during a gas crisis. “The way it works is that every half hour there’s a single price for electricity in the UK, and it’s set by a process in which National Grid procure … read more »
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