Customers based in the UK overpaid on energy bills in 2021 to 2022 by around £7 billion which could have been avoided via a “split market” marginal pricing scheme, a report by Carbon Tracker has said. The report, which was produced in response to a consultation into reforming the power market, indicates that policy measures such as utility hedging obligations for future fuel needs and a reformation to the contracts for difference (CfD) agreements could help reduce energy bills for … read more »
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